New AccountNow® Gold Visa® Prepaid Card by the Bancorp

Bank

SAN RAMON, CA, June 29, 2010 – In a further expansion of its product offering to the growing underbanked and unbanked population, AccountNow has announced that its new AccountNow Gold Visa Prepaid Card will be issued by Wilmington, Delaware-based The Bancorp Bank.

"The new AccountNow Gold Visa Prepaid Card is already proving to be very popular with consumers," says Jim Jones, AccountNow CEO. "The Bancorp will help AccountNow provide even more people with a dynamic, valuable product as well as help our company continue our positive growth trajectory."

The AccountNow Gold Visa Prepaid Card comes with many features and benefits that traditionally have not been available to prepaid cardholders, including:

  • Higher daily and monthly limits on all deposits, withdrawals, and purchase transactions (for Direct Deposit Customers)
  • VIP customer service
  • No monthly service fee for customers who load at least $3,000 on their card in a month
  • Free Direct Deposit
  • Free Bill Pay
  • Free Credit Builder

"The Bancorp is extremely pleased to expand our relationship with AccountNow – which is clearly striking a positive chord with the large and growing number of people who are looking for an alternative to credit cards and traditional bank checking accounts," says Jeremy Kuiper, Managing Director of The Bancorp Bank.

Since the AccountNow Gold Card is a prepaid card, there are no account opening screening services or credit check required*. And, as an added incentive, cardholders receive a $15 account credit** when they set up a recurring direct deposit and make at least two direct deposits of $100 or more.

AccountNow Gold Visa Prepaid Card cardholders have access to the millions of merchants and services where Visa Debit cards are accepted.

Consumers interested in learning more information or signing up for the AccountNow Gold Visa Card can visit goldvisa.accountnow.com

About AccountNow, Inc.
AccountNow (www.accountnow.com or goldvisa.accountnow.com), headquartered in San Ramon, CA, is a leading provider of financial solutions for the 40 million U.S. consumers who 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 Solution 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 Payment 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 Bancorp Payment Solutions Group 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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*Account approval is contingent upon successfully passing identification confirmation.

**See www.accountnow.com/help for details of the $15 incentive program.

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





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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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