Financial Review Q3 2020
The Bancorp
PAYMENTS BUSINESS: PAYMENT ACCEPTANCE GROUP
LAUNCHED IN LATE 2017, RAPID FUNDS
HAS GATHERED STRONG MOMENTUM
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2. PAYMENT ACCEPTANCE GROUP
Rapid Funds, merchant acquiring and ACH services
BUSINESS OVERVIEW:
Pioneering real-time payments offering has
recognized consistent and significant growth
•
"Direct1"
2018 VISA Innovation Adoption Award
winner
Non-interest income and deposit
generation
Rapid Funds model delivers a highly
scalable, low cost offering that disrupts legacy
payment methods for corporate disbursements
ACH sponsorship of large-scale payment
processors
VISA/MasterCard sponsorship of large credit card
acquiring ISOs² and their merchants
P
PayPal
fiserv.
V venmo
Intuit
turbotax
ab quickbooks
mint
ACI
UNIVERSAL PAYMENTS
SM
WE'RE EXPANDING
ON OUR
EARLY SUCCESS
& adding new partners
across various use cases
$
USE CASES
EARNED WAGE ACCESS
GIG ECONOMY
INSURANCE CLAIM
PAYOUTS
12
1 "Direct" is comprised of corporations with which The Bancorp contracts directly. 2 Independent sales organization.View entire presentation