AccountNow Introduces New "Pay As You Go" Prepaid Card

SAN RAMON, CA, APRIL 12, 2011 – AccountNow, Inc., one of the nation’s largest and most innovative prepaid debit card companies, now offers the nation’s estimated 40 million consumers who are financially underserved the convenience of a traditional bank account along with the flexibility of true pay-as-you-go pricing. The Bancorp Bank, well respected for its innovative payment solutions for the prepaid card industry, collaborated with AccountNow to develop the flexible Visa Prepaid card program.

“This new prepaid Visa card is geared toward consumers looking for better and more affordable alternatives to a traditional bank or checking account and those who need a prepaid card for occasional use,” said Jim Jones, CEO of AccountNow, Inc.

The collaboration between AccountNow and The Bancorp Bank is another sign of AccountNow’s leadership in facilitating payment options for consumers that historically have been forced to use more expensive and less efficient financial instruments. The AccountNow Prepaid Visa Card with “Pay As You Go” comes with many features previously unavailable to those without a traditional banking relationship:
  • No Monthly Fee – Pay Only When You Use It
  • No Credit Check
  • No Minimum Balance
  • No Overdraft Fee
  • Free Direct Deposit
  • Free Bill Pay
“The brick and mortar bank is less and less of a factor in global payment systems,” added Mr. Jones. “Previously underserved, yet large, segments of the population can now experience the convenience and flexibility of a pay-as-you-go system where your deposits are FDIC insured up to $250,000,” he said.

The AccountNow Prepaid Visa Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. and may be used wherever Visa debit cards are accepted. The Bancorp Bank is a member of the FDIC.

Obtaining Your Card: The USA PATRIOT Act is a federal law that requires all financial institutions to obtain, verify, and record information that identifies each person who opens a Card Account. This means that when you open a Card Account, you will be asked for your name, address, date of birth, and other information that will reasonably allow your accurate identification. You may also be asked to show your driver's license or other identifying documents at any time.
About AccountNow, Inc.
AccountNow (accountnow.com or goldvisa.accountnow.com), headquartered in San Ramon, California, is a leading provider of financial solutions for the 80 million U.S. consumers who are financially underserved or do not have established credit or traditional banking relationships. AccountNow provides consumers an alternative to “traditional” checking accounts and access to financial and payments systems, including Visa Prepaid cards, online bill pay and FDIC insured deposits.

About The Bancorp Payment Solutions Group
The Bancorp Payment Solutions Group, a division of The Bancorp Bank, a wholly owned subsidiary of The Bancorp, Inc. (NASDAQ: TBBK), offers secure, creative and innovative payment solutions to the prepaid card industry. As a leading issuer of prepaid cards, The Bancorp Payments Solutions Group develops cutting-edge prepaid card programs that meet the rapidly changing needs of the prepaid industry. Through long-standing relationships with the card networks, leading program managers and processors, the company designs compliant, innovative and flexible prepaid card programs which deliver outstanding results. For more information about The Bancorp Payment Solutions Group, please visit www.thebancorppsg.com.

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100% Approval subject to ID verification*
No Credit Bureau Check
$15 Direct Deposit Bonus§





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MasterCard Logo- AccountNow Prepaid MasterCard
MetaBank
Bancorp
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AccountNow, Inc. is a BBB Accredited Financial Service in San Ramon, CA


AccountNow Gold Visa Prepaid Cards and AccountNow Prepaid Visa Cards are issued by The Bancorp Bank or MetaBankTM pursuant to a license from Visa U.S.A. Inc. and can be used everywhere Visa debit cards are accepted.

The AccountNow Prepaid MasterCard (Classic) is issued by MetaBank pursuant to license from MasterCard International Incorporated and may be used everywhere Debit MasterCard is accepted. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated.

Funds are FDIC insured through the Issuer to at least $250,000. Please see the back of your card for its issuing bank. The Bancorp Bank and MetaBank, Members FDIC.

*IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW CARD ACCOUNT: To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens a Card Account. What this means for you: When you open a Card Account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see a copy of your driver’s license or other identifying documents.

**The Visa Zero Liability policy covers U.S. issued cards only and does not apply to ATM transactions, PIN transactions not processed by Visa, or other certain commercial card transactions. Cardholder must notify issuer promptly of any unauthorized use. Consult issuer for additional details or visit www.visa.com/security.

***Conditions and exceptions apply – see Cardholder Agreement.

§ This offer is available to all AccountNow Gold Visa Prepaid Card customers. To qualify for the $15 direct deposit bonus, within 6 months after being approved to receive a card, you must deposit at least $500 per month via recurring direct deposit in two or more consecutive months. See www.accountnow.com/help/ for additional direct deposit and bonus eligibility requirements.

There is no additional charge for this feature. Fees apply to your use of the prepaid card. See your Cardholder Agreement for fees, terms and conditions.

Applies to customers with prepaid cards issued by The Bancorp Bank with recurring direct deposits, and will be effective after the second direct deposit is received. Faster access to funds is based on comparison of traditional banking policies versus eligible electronic direct deposit. Direct deposit and early deposit capability is subject to payer’s support of the feature and timing of payer’s funding. MetaBank is not associated in any way with this offer and does not endorse or sponsor this offer.

AccountNow is a trademark of AccountNow, Inc. All other trademarks, service marks and other registered marks are the property of their respective owners.
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