Global Rewards, a leading financial technology company serving businesses of all sizes, is pleased to announce a newly-formed partnership with The Bancorp, Inc. and its subsidiary The Bancorp Bank. This collaboration allows Global Rewards to continue its mission to simplify corporate disbursement and employee spend and comes at a time when businesses are striving for more automation and better controls over their spending practices. By working with The Bancorp, clients of Global Rewards will have real time visibility into their spending activity, thereby strengthening the overall financial wellness of their business.
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“Global Rewards has proven itself adept at providing compelling solutions for the business needs of its customers,” said Matt Carberry, Managing Director, Head of Partner Strategy, The Bancorp. “We are excited to support the growth of this organization as it continues its work of providing advantaged corporate payments.”
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The Bancorp provides tailored solutions through its Fintech Solutions division and has become a top issuer of prepaid cards meeting a wide range of business needs. The company accounts for over $300 billion combined annual payments processing volume and over 150 million active cardholder accounts in U.S. distribution.
“At Global Rewards, we are committed to building an innovative platform that works towards solving industry specific needs. Ensuring that our banking partner can support the level of growth we continue to see, is key to our success. We look forward to our partnership with The Bancorp as we continue to innovate and build out the future of corporate spend,” said Isaac Itzkowitz, Founder and CEO of Global Rewards.
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