Monday, February 22, 2010

InsurCard Visa® Prepaid Card Issued by The Bancorp Bank Named Winner in Fourth Annual Paybefore Awards

WILMINGTON, DE. (February 22, 2010) – The Bancorp Bank Payment Solutions Group,
a division of The Bancorp Bank (“Bancorp”), a wholly owned subsidiary of The Bancorp,
Inc. (Nasdaq: TBBK), is pleased to announce that Paybefore has chosen the InsurCard
Visa Prepaid Card, which is issued by The Bancorp Bank in collaboration with
InsurCard, as a Paybefore Awards winner in the Best Business/Corporate-Funded
Program: B2B.

Paybefore Awards, now in its fourth year, is the most prestigious recognition of
excellence in the prepaid industry. The awards are presented annually by Prepaid
Media, whose Paybefore publications are the leading source of industry information for
the global prepaid community.

“We are honored to receive the Paybefore Award for the innovation of the InsurCard
Visa Prepaid Card,” said John Barbella, Senior Vice President, The Bancorp Bank. "We
believe that prepaid cards will revolutionize the way the insurance industry makes
payments as insurers seek ways to control payments and drive cost savings while
providing enhanced customer care. We are very excited about the InsurCard program
and we are anticipating rapid growth in this space."

InsurCard was selected by a panel of five industry experts who served as judges for this
year’s competition. A record number of entries from around the world were received.

“Paybefore applauds the leaders in our industry who are applying the flexibility and
appeal of prepaid to innovate on behalf of consumers, governments and businesses,”
said Marilyn Bochicchio, Paybefore CEO and chair of the judging panel. InsurCard has
distinguished itself in a tough field of competition,” she continued. “We are proud to
recognize its contributions to advancing the use of prepaid products.”

Issuing checks has become cumbersome in the world of electronic payments. The
InsurCard offers great benefits for an injured worker or a displaced homeowner because
they can begin using the funds immediately anywhere that Visa debit cards are

InsurCard, which has already been approved for use in workers compensation claims in
38 states, will vie for best-in-category distinction, which will be announced during the
Paybefore Awards ceremony on Feb. 22 at the Prepaid Expo USA

InsurCard Visa Prepaid Card is issued by The Bancorp Bank pursuant to a license from
Visa U.S.A. Inc. The Bancorp Bank; Member FDIC.

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 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

About InsurCard
InsurCard is a wholly owned subsidiary of Service Network Design, LLC (SND), a
management consulting firm with corporate financial clients in both the insurance and
prepaid card industries. InsurCard Prepaid Cards evolved from SND’s experience in
these industries where the need for new claim payment solutions was recognized. The
InsurCard Prepaid Card was specifically designed to meet the stringent requirements of
both the insurance and prepaid card industries. For more information about InsurCard,
please visit or call 1-800-708-9887.

About Paybefore
Paybefore is the leading information provider to prepaid and stored value industry
professionals, offering the latest news, commentary and analysis. Paybefore’s family of
industry publications include:™, a searchable online information portal;
Paybefore News™, daily news briefs delivered electronically; Paybefore News
International™, a weekly compilation of prepaid news and events from outside the
United States; Paybefore Update™, a downloadable enewsletter delivered 20 times a
year; Paybefore Legal™, a downloadable enewsletter covering the legislative, regulatory
and judicial developments in prepaid, as well as feature articles by leading attorneys in
the field; Paybefore Magazine™, a biannual print publication highlighting the best of
Paybefore; and Paybefore Buyer’s Guide™, available online and in print. Visit us at

The Bancorp Bank
Andres Viroslav

J. Robert Mendte

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