The Bancorp Opens Public Industry Workspace in Conjunction with CFPB Field Hearing

WILMINGTON, Del.--(BUSINESS WIRE)--

The Bancorp, Inc. TBBK, today opened a public industry workspace, in conjunction with the Consumer Financial Protection Bureau's (CFPB) Field Hearing, to be held Thursday, November 13, 2014, 11 a.m. EST in Wilmington, DE.

According to Frank M. Mastrangelo, President and COO of The Bancorp, “As the country's leading issuer of prepaid cards and with more than 70 million cards in distribution, we are delighted to welcome any and all industry representatives to our headquarters campus, extend our support, and provide for their preparatory needs.”

The workspace, which has been created by The Bancorp to assist industry representatives traveling to and attending the CFPB Field Hearing, is designed to provide critical services such as public and private workspaces, secure Wi-Fi, printer access, and other amenities including shuttle service to area hotels and the CFPB Field Hearing on Thursday at Delaware Technical Community College.

Jeremy Kuiper, Managing Director of The Bancorp's Payment Solutions team is delighted by the industry's rapid and receptive response. “As an industry, it's critical that we continue to demonstrate the value, security and utility of various prepaid products to the consumer. As many recent studies have indicated, consumer adoption has grown dramatically and The Bancorp is privileged to work with organizations across the product verticals that are committed to the consumer or end user of prepaid products.”

Industry representatives are welcome to continue to utilize The Bancorp's open workspace, 8 a.m. to 8 p.m., Thursday, November 13, 405 Silverside Road, 1st Floor, Wilmington, DE. For more information about the workspace or shuttle assistance, please contact info@thebancorp.com or call 302.385.5242.

About The Bancorp

With operations in the U.S. and Europe, The Bancorp TBBK is a family of financial service companies dedicated to setting a new standard in financial services and payments innovation. The Bancorp remains one of the few financial service companies in the world that specializes in providing private-label banking and technology solutions for non-bank companies ranging from entrepreneurial start-ups to those on the Fortune 500. The Bancorp Bank, one of The Bancorp's financial institutions, has been recognized as a National Preferred SBA Lender, a top custodian of Health Savings Accounts, a top ACH Originator, one of the nation's largest credit card transaction acquirers and is the leading issuer of prepaid cards. For more information please visit www.thebancorp.com.