Financial Review Q3 2020
The Bancorp
PAYMENTS BUSINESS: PAYMENT SOLUTIONS GROUP
GDV GROWTH IS ACCELERATING WITHIN
OUR PREPAID & DEBIT OFFERINGS
1. PAYMENT SOLUTIONS GROUP
Issuing bank for leading prepaid card and debit programs
chime
Incomm
•
BUSINESS OVERVIEW:
Unique non-branch platform which
leverages technology and strategic
partners
#1 issuing bank for prepaid cards²
Over 100 million prepaid cards in U.S.
distribution
Leading provider of tailored banking
solutions to Fintech firms, including
challenger banks and other financial
services companies
Sponsorship of private label banking (e.g.,
checking account with a debit card)
P
SoFi
PayPal
Health Equity
1 Q3 2020 over Q3 2019.
2 Per Nilsen Ratings and measured by Gross Dollar Volume.
Q3 2020 GROSS
DOLLAR VOLUME
GROWTH1
39%
GROSS DOLLAR
VOLUME GROWTH
USE CASES
CHALLENGER BANKS
GOVERNMENT
HEALTHCARE
CORPORATE SERVICES
(e.g. payroll)
GIFT
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