The above mentioned three card issuing programs have been greatly accepted by the merchant establishments, said the bank.
The Bancorp Payment Solutions Group managing director Jeremy Kuiper said the agreement with NetSpend offers yet another avenue for consumers to gain exceptional access to cards issued by Bancorp.
"We are thrilled about our relationship with NetSpend. We can now offer Bancorp solutions to an even wider array of consumers in search of prepaid products. NetSpend is committed to providing the most innovative solutions to its prepaid cardholders and we are excited to align with them in this endeavor," said Kuiper.
The NetSpend Visa Prepaid Debit Card and NetSpend H-E-B Visa Prepaid Debit Card are issued by The Bancorp Bank pursuant to a license from Visa USA while The PayPal Prepaid MasterCard card is issued by The Bancorp Bank under a license from MasterCard International.
The Bancorp Bank is a wholly owned subsidiary of The Bancorp, while NetSpend provides general-purpose reloadable (GPR) prepaid debit cards and related financial services.
