This InsurCard Visa(R)Prepaid Card allows
North American Risk Services, Inc. to Make Funds Immediately Available
to Claimants
WILMINGTON, Del.--(BUSINESS WIRE)--
The Bancorp Bank Payment Solutions Group, a division of The Bancorp Bank
("Bancorp"), a wholly owned subsidiary of The Bancorp, Inc. (Nasdaq:
TBBK), has joined with InsurCard to offer an instant issue prepaid card
program to North American Risk Services, Inc ("NARS"), for property and
workers compensation claims.
Issuing checks has become cumbersome in the world of electronic
payments. The InsurCard offers great benefits for an injured worker or a
displaced homeowner because they can begin using the funds immediately
anywhere that Visa debit cards are accepted, thus avoiding the check
cashing hassle.
"We're always looking for ways to provide better service to our clients.
Efficient payment processing and a timely delivery method can help that
objective. By partnering with InsurCard, we have a solution that can
assist Workers Compensation claimants, customers in a catastrophe
situation, and even third parties in our transportation programs" said
Robert Ruryk, President and Chief Operating Officer of NARS.
"We are thrilled to partner with NARS to assist in providing alternative
payment options for its clients. The insurance industry is a unique fit
for prepaid cards because the card can greatly expedite the entire
claims process," says J. Robert Mendte, President - InsurCard.
This card is issued by The Bancorp Bank pursuant to a license from Visa
U.S.A. Inc.The Bancorp Bank; Member FDIC.
About InsurCard
InsurCard is a wholly owned subsidiary of Service Network Design, LLC
(SND), a management consulting firm with corporate financial clients in
both the insurance and prepaid card industries. InsurCard Prepaid Cards
evolved from SND's experience in these industries where the need for new
claim payment solutions was recognized. The InsurCard Prepaid Card was
specifically designed to meet the stringent requirements of both the
insurance and prepaid card industries. For more information about
InsurCard, please visit www.insurcard.com
or call 1-800-708-9887.
About North American Risk Services, Inc.
Headquartered in Maitland, FL, North American Risk Services (www.narisk.com)
provides nationwide claims, data and risk management TPA services to
businesses, insurers, reinsurers and brokers throughout the U.S. NARS is
known for the experience and expertise of its employees and the
application of those skills in controlling its customers' loss and
administrative costs with its tailored claim management approach
designed to fit each unique risk circumstance. NARS also provides its
customers with a diverse array of ancillary services including auditing,
medical cost management, recovery specialization and a state of the art,
web-based information system that is easily shaped to meet each
customer's specific needs. For more information about NARS, please
contact Robert Ruryk at 800-315-6090 ext. 1248 or rruryk@narisk.com.
About The Bancorp Bank Payment Solutions Group
The Payment Solutions Group is a division of The Bancorp Bank, a wholly
owned subsidiary of The Bancorp, Inc., is a leading issuer of network
branded prepaid cards. For more information about The Bancorp Bank
Payment Solutions Group visit www.thebancorp.com
or contact Lindsey Frank at lfrank@thebancorp.com
at 1-866-954-2667.
Source: The Bancorp Bank Payment Solutions Group
Contact: The Bancorp Bank
Andres Viroslav, 215-861-7990
andres.viroslav@thebancorp.com
or
North American Risk Services, Inc. (NARS)
Robert Ruryk, 800-315-6090 Ext 1248
rruryk@narisk.com
or
InsurCard
J. Robert Mendte, 800-708-9887
rmendte@sndassociates.com