OceanPay® Visa® Prepaid Card Named Best-in-Category Winner in Ninth Annual Paybefore Awards

Paybefore has selected OceanPay Visa Prepaid Card as a 2015 Paybefore Awards Best-in-Category winner in the Outstanding Pay Solution: Platform category. For nine years, Paybefore Awards has conferred the most prestigious recognition of excellence in the worldwide prepaid, mobile and emerging payments industry. The awards are presented annually by Paybefore, whose publications are the leading source of industry information for emerging payments executives.

“We’re extremely honored to receive such recognition for our OceanPay maritime payroll product,” said Kenneth M. Goins, Jr., CEO of Brightwell Payments, Inc. “We believe the OceanPay Card program is an effective and powerful tool that provides significant value and proven business solutions for maritime companies and their crew.”

OceanPay Visa Prepaid Card was selected by a panel of five industry experts who served as judges for this year’s competition, which—once again—included entries from around the world.

“This year’s Paybefore Awards have demonstrated once again that payments companies are committed to driving out the inefficiencies of cash and checks, while also increasing value for clients and end users,” said Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel. “We’re proud to recognize the contributions of Brightwell Payments and The Bancorp Bank to advancing electronic payments.”

“Some may think there’s nothing new in the world of payments, but the outstanding winners in Paybefore Awards prove that’s not so,” added Marilyn Bochicchio, Paybefore’s CEO. “Emerging payments is packed with opportunity to make a difference for consumers, governments and businesses. And, the companies and programs we recognize through Paybefore Awards are outstanding examples of what can be done when creativity intersects with technology and a deep understanding of unmet needs. We tip our hats to the winners and all those who are making a difference.”

Brightwell Payments’ international maritime paycard program, OceanPay, is a proprietary, comprehensive prepaid card solution designed to mitigate the unique challenges and concerns of existing payroll processes faced by the maritime industry. The turnkey solution provides currency exchange and onboard money remittance services, companion cards, and onboard card encoding and printing. The OceanPay Card program is currently offered on more than 200 ships worldwide across 60,000 crew members.

About Brightwell Payments

Brightwell Payments, Inc. is an international payments and technology company offering comprehensive, award-winning payment solutions for corporations and consumers. Its core mission is to deliver innovative solutions to niche markets seeking cost-effective payment methods coupled with excellent service. The company provides prepaid card and payment solutions for payroll, general purpose reloadable and promotional programs.

About The Bancorp

The Bancorp, with operations in the United States and Europe, is a family of financial service companies dedicated to setting a new standard in financial services and payments innovation. The Bancorp remains one of the few financial service companies in the world that 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, a top merchant acquirer and is the leading issuer of prepaid cards. For more information please visit www.thebancorp.com.

About Paybefore

Pay before is the leading information provider to prepaid, mobile and emerging payments industry professionals, offering the latest news, commentary and analysis. Paybefore’s family of industry publications includes: Paybefore.com; Pay NewsTM; Pay GovTM; Pay WeekTM; Pay Op-EdTM; Pay MagazineTM, a biannual print publication featuring in-depth articles on the opportunities, challenges and trends in the global payments industry; and the only industry directory, Pay ConnectTM buyer’s guide, available online and in print. Visit us at www.paybefore.com.

OceanPay Cards are issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. The Bancorp Bank; Member FDIC.