The Bancorp Introduces Innovative Tool for HSA Management

The Bancorp (NASDAQ:TBBK) is pleased to announce the launch of Pivot: All the Right Moves in HSA Management™ an innovative web-based portal that delivers a new level of ease, flexibility and efficiency to company-sponsored Health Savings Account (HSA) programs.

According to Jill Kelly, senior vice president of Health Benefit Banking services at The Bancorp, “The Bancorp’s new portal offers unmatched flexibility, ease of use and distinct features that set a new standard for the industry by greatly reducing the administrative burdens common to HSA programs while providing valuable insights about plan usage and trends.”

The tool uniquely meets that need by combining HSA enrollment, funding and comprehensive reporting into a single portal accessed by a single user ID and can be used to manage a single HSA group or multiple groups of any size. Among its specialized features is an interactive dashboard that displays account status, average balances, contribution history and other pertinent data. And because the portal is mobile friendly, the site is easily accessible from a mobile device to manage rosters and make deposits--anytime, anywhere.

“Pivot is a portal to the future of HSA plan management," said Frank Mastrangelo, Chief Executive Officer. “The Bancorp is pleased to be a leader in bringing this premier solution to employers and benefits managers, alike.”

About The Bancorp

With operations in the U.S. and Europe, The Bancorp (NASDAQ: TBBK) is dedicated to setting a new standard in financial services and payments innovation. The Bancorp specializes in providing private-label banking and technology solutions for non-bank companies ranging from entrepreneurial start-ups to those on the Fortune 500. The Bancorp Bank, one of The Bancorp’s financial institutions, has been recognized as a National Preferred SBA Lender, a top custodian of Health Savings Accounts, a top ACH Originator, one of the nation’s largest credit card transaction acquirers and is the leading issuer of prepaid cards. For more information please visit www.thebancorp.com.

The Bancorp, Inc.Andres Viroslav, [e-mail]