Released on: October 6, 2008, 2:13 pm

Press Release Author: Emily Leonard Prepaid Expense Card Solutions, Inc. / PEX Card

Industry:

Press Release Summary: New York, NY, October 6, 2008 -- Prepaid Expense Card
Solutions, Inc., today announced the launch of the PEX Visa® Prepaid Card, issued by
The Bancorp Bank; Member FDIC. The PEX Card Service is the first turnkey prepaid
card program designed specifically for employee spend management within small and
medium sized businesses. Unlike credit or debit cards, PEX Card provides companies
additional control by enabling them to allocate money exactly when and where it's
required - funding cards with only the money needed, protecting organizations
against misuse and increasing cash flow control.

Press Release Body: New York, NY, October 6, 2008 -- Prepaid Expense Card Solutions,
Inc., today announced the launch of the PEX Visa® Prepaid Card, issued by The
Bancorp Bank; Member FDIC. The PEX Card Service is the first turnkey prepaid card
program designed specifically for employee spend management within small and medium
sized businesses. Unlike credit or debit cards, PEX Card provides companies
additional control by enabling them to allocate money exactly when and where it's
required - funding cards with only the money needed, protecting organizations
against misuse and increasing cash flow control.

The PEX Card administrative website makes it easy for organizations to issue, fund,
and set individual spending profiles per cardholder - in real-time. Card spending
controls enable organizations to pre-authorize employee spending by merchant
category or daily limit, while funding tools ease the burden and distractions of
approvals - freeing resources to focus on more important duties.

Prepaid cards offer another advantage to businesses - no credit is required. "PEX
Card is the next step in the evolution of the business card industry. PEX Visa
Prepaid Cards expand the reach of card payments to companies of all sizes and credit
histories. We do not judge applicants by revenues or credit score," said Toffer
Grant, founder and CEO of PEX Card. "They just have to meet two simple requirements
- first, they must be a registered business entity and second, the data they submit
must be verifiable."

PEX Card customers apply for, manage, and optimize their card program in real-time.
"We see businesses of all sizes embracing the PEX Card Service for making fast and
convenient payments wherever Visa debit cards are accepted. And, customizable
spending profiles are perfect for organizations that allow employees to make
purchases," said Grant.

The PEX Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A.
Inc.

About PEX Card
PEX Card develops card payment tools that help companies streamline their spending
processes. As the prepaid card industry's first turnkey commercial card program,
PEX Card customers apply for, optimize and manage their service online. The PEX
Card Service provides visibility into cash flow and corporate spending.

PEX Card is privately held and is headquartered in New York City. For more
information, please visit www.pexcard.com, or contact media@pexcardcom.

About The Bancorp Payment Solutions Group
The Bancorp Payment Solutions Group, a division of The Bancorp Bank (“Bancorp”), a
wholly owned subsidiary of The Bancorp, Inc., offers secure, creative and innovative
payment solutions to the prepaid card industry. As a leading issuer of prepaid
cards, The Bancorp Payment Solutions Group contributes to the success of Fortune 500
companies through the development of cutting-edge prepaid card programs that meet
the rapidly changing needs of the prepaid industry. Through long-standing
relationships with the MasterCard, Visa, and Discover card associations, leading
program managers and processors, The Bancorp Payment Solutions Group designs
innovative and flexible prepaid card programs which deliver outstanding results. For
more information about The Bancorp Payment Solutions Group please visit
www.thebancorppsg.com.


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Web Site: http://www.pexcard.com

Contact Details: Emily Leonard
Prepaid Expense Card Solutions, Inc. /
PEX Card
646-467-7384
emily.leonard@pexcard.com
www.pexcard.com