Gift Cards
Retail Gift cards are a $38 billion business, according to Banking Strategies*, making them the most popular prepaid card product to date. The Bancorp Bank Payment Solutions Group can offer a variety of turnkey options including instant issue gift cards, bulk gift card ordering and consumer gift card programs.
Rebate Cards
Every year there are hundreds of millions of dollars in rebates paid to consumers when they purchase products from a manufacturer. The trend is to move these rebates from checks to prepaid cards; a far more efficient process than sending a check. There are also many other benefits to using a rebate card – the manufacturer’s brand gets multiple exposures each time the card is used; cards are typically less expensive to administer than checks. The Bancorp Bank can assist you in managing any unclaimed property requirements for these cards.
*The Value in Stored Value: Marketing stored-value cards such as gift cards brings in fee income and may help attract some new customers. July/August 2003, Volume LXXIX Number IV.