BANKING SOLUTIONS TO BROADEN BUSINESS PERSPECTIVES
WE TRANSFORM BUSINESS NEEDS INTO SOLUTIONS THAT GROW WITH YOUR BUSINESS.
The Bancorp has decades of multi-industry banking experience and a technological focus to help our clients achieve sustainable business growth.
AGILE, SECURE & SCALABLE FINTECH SOLUTIONS
Our partners benefit from our financial strength and industry expertise.
The Bancorp deploys custom payments services merging cutting-edge technology with superior regulatory and compliance infrastructure.
Accessing new avenues to leverage existing wealth
Through strategic alliances with nonbank wealth management platforms, we enable independent and registered financial professionals to expand their service offering to better compete with larger and more fully-resourced institutions.
A one-of-a-kind offering to serve you better
The Bancorp Commercial Lending business offers a distinctive set of services which reflect our commitment to meeting your evolving business needs.
Whether you need a small business loan or leasing services for a fleet of vehicles, we can provide you the expertise and financial traction to keep you on the road to success.
COMPETITIVE BRIDGE FINANCING SOLUTIONS
THE BANCORP PROVIDES BORROWERS WITH CERTAINTY OF EXECUTION FOR NON-RECOURSE COMMERCIAL REAL ESTATE BRIDGE LOANS NATIONWIDE.
As a direct lender, we provide a streamlined, single source of origination, funding, and asset management for loan brokers and their clients seeking to purchase and reposition multifamily and other commercial real estate properties.
WE TAILOR BANKING SOLUTIONS TO YOUR BUSINESS NEEDS.
Across our Fintech Solutions, Institutional Banking and Commercial Lending business lines, The Bancorp offers a wide range of products and services that can transform your business needs into long-term, technology-enabled solutions.
GAIN INSIGHT FROM INDUSTRY EXPERTS
OUR FINETICS® BLOG OFFERS TIMELY COMMENTARY ON THE LATEST BANKING TRENDS.
Tap into the mindset of The Bancorp solution leaders as they discuss what’s new in the banking industry and how The Bancorp can help you stay ahead of the curve.
EXPERT COMMENTARY AT YOUR FINGERTIPS
THE BANCORP OFFERS A VISIONARY APPROACH TO BANKING BACKED BY DECADES OF INDUSTRY EXPERTISE.
The Bancorp solution leaders are financial industry experts conversant with the latest banking trends and the next generation of business banking solutions.
THE BANCORP DESIGNS THE FUTURE OF BANKING ONE CLIENT AT A TIME.
We’re not a startup, but we think that way. The Bancorp approaches each client’s needs as an opportunity to develop the next generation of banking products and services.
STRENGTHENING OUR VISIONARY FOUNDATION
THE BANCORP LEADERSHIP FOSTERS AN INVENTIVE APPROACH TOWARD BANKING.
The Bancorp Leadership Team sets the compass for exploring new perspectives that drive continuous organizational growth.
NAVIGATE A REWARDING CAREER AT THE BANCORP
WE’RE INVESTED IN YOUR DEVELOPMENT AND GROWTH.
The Bancorp offers a dynamic work environment and ongoing opportunities to broaden your knowledge and enrich your skill sets.
COMMITTED TO DIVERSITY & INCLUSION
THE BANCORP VALUES THE DIFFERENCES THAT MAKE US UNIQUE.
We cultivate an environment where all cultures, ideas and perspectives are equally acknowledged and respected.
Values-Based Business Practices
ESG principles are integral to The Bancorp’s business strategy.
Our Environmental, Social, and Governance (“ESG”) initiatives guide our business practices to create positive change for our local communities, the environment, our clients and customers, and the banking industry as a whole.
Future of Fintech: Understanding Faster Digital Payments
Andrew King, VP, ACH Services, Fintech Solutions
We are seeing a transformation in the way banks interact with one another, how transactions take place, and how banks are resolving the challenges that come with these new capabilities.
As payments services continue to adapt in a growing digital landscape, companies in practically every industry are looking for ways to safely complete faster transactions for their customers, vendors, and clients. In a wave prompted by the challenges brought on by the COVID-19 pandemic, there has been a significant increase in the adoption of digital payments in consumer, retail, and corporate payments. The digitization of transactions carries with it an expectation for the immediacy of delivery and settlement that mirrors the larger expectations of the on-demand digital economy at large. While the processing time for digital payments has sped up substantially in recent years, the ability to have these transactions finalized within seconds is still in the early stages of wide scaled adoption.
As the banking industry evolves to meet the growing demand for faster and instantaneous payments, we are seeing a transformation in the way banks interact with one another, how transactions take place, and how banks are resolving the challenges that come with these new capabilities. Through the power of faster and immediate payments, managing funds can be simplified for both individuals and corporations alike.
Practical Uses & Benefits of Faster Payments
The efficiency of faster payments cannot be understated. With the benefit of having funds transferred instantly, greater visibility into transaction information, and broader accessibility, it can help enhance virtually every area within the payments landscape. Here are some of the use cases for faster payments:
Peer to Peer (P2P) – One of the most common examples of faster payments available to the average account holder is P2P transactions, which are payments that are made between personal bank accounts to request or send payments. Today, various user-friendly platforms help enable faster payments between family and friends.
Business to Consumer (B2C) – There are many practical life situations in which a business conducts transactions with a consumer. Examples can include payroll and reimbursement to employees, refunds, and insurance claim payments, all of which can benefit from faster completion times so funds are no longer outstanding for the sender and can be utilized by the beneficiary sooner.
Business to Business (B2B) – With faster payments, businesses can complete transactions with suppliers and other service suppliers with greater efficiency. The implementation of faster payments replaces the waiting period that exists when handling checks and shortens the time of fulfillment provided by traditional ACH transactions, allowing companies ease of reconciliation and creating opportunities to improve day-to-day operations.
Implementing Faster Payments
Though the concept of transactions settling at a greater speed may seem simple to the average consumer, many complex networks and several key financial institutions are offering these faster payments schemes. Because there are no one-size-fits-all capabilities that can meet the needs of all users and types of transactions, there are several services available that enable various faster payments and each offers a unique value proposition.
Same Day ACH
The improvement of faster payments starts with enhancements to widely used banking infrastructure. The Automated Clearing House (ACH) network, governed by Nacha, is the system used by most financial institutions in the U.S. to move electronic funds. Traditional next day ACH payments can take around 2-3 days to reach final settlement inclusive of returned items, but with the introduction of Same Day ACH payments, these processing times can be decreased. By quickening processing times captured within the same day, Same Day ACH transmits debit and credit transactions and shortens the overall settlement time by one business day. While still a premium service, Same Day ACH can be an efficient and relatively cost-effective option for businesses that can gain from increased payment velocity between customers and vendors.
Real-Time Payments
One of the most talked about schemes in faster payments is facilitated by the Real-Time Payments (RTP®) Network through The Clearing House, which can connect all federally insured financial institutions to help enable complete transactions from one bank account to another within a minute or less. This process, though complex, enables efficiencies that allow businesses to have an immediate realization of revenue and consumers to have access to funds in real-time. With more than 75% of Americans now using some form of digital payment method, the utilization of real-time payments can benefit both businesses and consumers immensely.1 Real-Time Payments through The Clearing House is a push-only payment modality. There are no debits or pull transactions within the network. However, they do offer a Request for Payment messaging option in which a potential receiver can message a potential sender and request payment be pushed to them through the network.
FedNow℠
FedNow is an upcoming instant payment service from the Federal Reserve that plans to help financial institutions provide secure immediate transactions 24/7/365. This service expects to broaden access to faster payments allowing a wider swath of account holders the ability to entirely settle transactions within seconds.
As faster payments continue to permeate every industry and increase capabilities, we will continue to see new uses and opportunities for its adoption and evolution across global markets. Through its Fintech Solutions business, The Bancorp works with partners to adapt, innovate, and implement secure faster payments with its Rapid Funds Transfer platform to remain competitive in this fast-changing payments landscape.
Refining Balance Sheets & Other Benefits of Selling Loans & Leases
When facing liquidity challenges, selling loans and leases on a secondary market can be a strategic option to optimize balance sheets, manage lending limits, and collect additional fee income.
Going the Extra Mile Toward Growth: GM Equipment Rentals
When the right opportunity for business growth presents itself, sometimes having the right financial partner can make a big impact. In this blog, we share how the experts from our Commercial Lending team used an all-hands-on-deck approach to help GM Equipment Rentals expand its business
Maturing Business Growth: 2023 Senior Living Trends
The coming wave of baby boomer retirees brings new challenges and opportunities to senior living facilities. Now is a great time for senior living facility owners and operators to evaluate their potential growth needs to accommodate the aging baby boomer population.
Reinvigorating Commercial Real Estate Lending through SBA 504 Loans
Redefining lending and leasing drives The Bancorp Commercial Lending to continuously evolve how it fulfills the needs and expectations of business owners. To help accomplish this, Small Business Lending welcomes Debbie Petrell to expand its SBA 504 Lending opportunities. In this blog, she shares her background and how Commercial Lending offers unique lending solutions that help lay the foundation companies can build upon.
