Canonical URL: https://giftcard.news/payments-technology/the-bancorp-releases-investor-presentation-highlights-strong-financial-p-4a954c9b6d6c/ --- description: The presentation shows gift programmes within a broader prepaid and debit business, with separate figures for issuing and payment acceptance. title: The Bancorp reports 39% card-volume growth in its October 2020 investor update image: https://giftcard.news/images/social/v1/bancorp-reports-39-card-volume-growth-october-2020-investor-update-a52e499ecd54a6b5b153818237756dbc.jpg --- 1. [Home](https://giftcard.news/) 2. [Payments & Technology](https://giftcard.news/payments-technology/) # The Bancorp reports 39% card-volume growth in its October 2020 investor update The presentation shows gift programmes within a broader prepaid and debit business, with separate figures for issuing and payment acceptance. By [Suzie Elis](https://giftcard.news/author/suzie-elis/) October 29, 2020 2 min read Share [ ](https://x.com/intent/post?url=https%3A%2F%2Fgiftcard.news%2Fpayments-technology%2Fthe-bancorp-releases-investor-presentation-highlights-strong-financial-p-4a954c9b6d6c%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=The%20Bancorp%20reports%2039%25%20card-volume%20growth%20in%20its%20October%202020%20investor%20update "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Fpayments-technology%2Fthe-bancorp-releases-investor-presentation-highlights-strong-financial-p-4a954c9b6d6c%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial "LinkedIn") [ ](https://wa.me/?text=The%20Bancorp%20reports%2039%25%20card-volume%20growth%20in%20its%20October%202020%20investor%20update%20https%3A%2F%2Fgiftcard.news%2Fpayments-technology%2Fthe-bancorp-releases-investor-presentation-highlights-strong-financial-p-4a954c9b6d6c%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial "WhatsApp") ![Official corporate portrait of Damian Kozlowski](https://giftcard.news/images/variants/v1/bancorp-reports-39-card-volume-growth-october-2020-investor-update-official-corporate-w720.webp) Corporate portrait from The Bancorp’s current leadership page, used illustratively with this historical 2020 report. Photo: The Bancorp [The Bancorp](https://giftcard.news/company/the-bancorp/)’s investor presentation dated October 29, 2020 reported a 39% increase in gross dollar volume for its prepaid and debit offerings in the third quarter compared with the same period in 2019\. Gift programmes were one of several uses identified within the issuing business. [\[S01\]](#article-source-1) ## Two businesses, different roles Scroll left or right to see all columns __Two businesses, different roles__ | Third-quarter 2020 measure | Payment Solutions Group | Payment Acceptance Group | | -------------------------- | -------------------------- | ----------------------------------------- | | Average deposits | $4,038 million | $835 million | | Non-interest income | $19.4 million | $1.8 million | | Role described | Prepaid and debit issuance | Merchant acquiring and payment processing | The presentation listed government, healthcare, payroll-related corporate services and challenger banks alongside gift programmes. It also described more than 100 million prepaid cards in US distribution. Neither that distribution count nor the 39% growth figure was presented as a gift-card-only measure. [\[S01\]](#article-source-1) ## Reading the figures without changing their scope Gross dollar volume measures payment activity. It is not the same thing as revenue, customer deposits or the value of gift-card balances outstanding. A gift-card market estimate cannot be derived by applying the reported growth rate to all of the bank’s prepaid cards. The deposit and income figures also answer different questions. Average deposits describe funds held over the reporting period, while non-interest income records earnings from the relevant business activity. They should not be plotted as though they were interchangeable measures of customer spending. For the gift-card industry, the presentation is evidence of how one issuing bank situated gift programmes within a larger payments operation. That context helps explain why a bank-level growth announcement can be relevant to gift cards without measuring the gift-card segment separately. All figures in this article refer to the 2020 presentation and its stated reporting periods. The document also included forward-looking targets, which are not treated here as achieved results. ## Sources and documents ExpandCollapse * [\[S01\] Investor presentation, October 29, 2020, slides 10-11](https://s26.q4cdn.com/691618197/files/doc%5Fpresentations/2020/10/1/The-Bancorp-Investor-Presentation.pdf?utm%5Fsource=giftcard.news) — The Bancorp * [\[S02\] Leadership page and illustrative portrait of Damian Kozlowski](https://www.thebancorp.com/company/leadership/?utm%5Fsource=giftcard.news) — The Bancorp ## In this article ### Companies * [The Bancorp](https://giftcard.news/company/the-bancorp/) ### People * [Damian Kozlowski](https://giftcard.news/person/damian-kozlowski/) Share [ ](https://x.com/intent/post?url=https%3A%2F%2Fgiftcard.news%2Fpayments-technology%2Fthe-bancorp-releases-investor-presentation-highlights-strong-financial-p-4a954c9b6d6c%2F%3Futm%5Fsource%3Dx%26utm%5Fmedium%3Dsocial&text=The%20Bancorp%20reports%2039%25%20card-volume%20growth%20in%20its%20October%202020%20investor%20update "X") [ ](https://www.linkedin.com/sharing/share-offsite/?url=https%3A%2F%2Fgiftcard.news%2Fpayments-technology%2Fthe-bancorp-releases-investor-presentation-highlights-strong-financial-p-4a954c9b6d6c%2F%3Futm%5Fsource%3Dlinkedin%26utm%5Fmedium%3Dsocial "LinkedIn") [ ](https://wa.me/?text=The%20Bancorp%20reports%2039%25%20card-volume%20growth%20in%20its%20October%202020%20investor%20update%20https%3A%2F%2Fgiftcard.news%2Fpayments-technology%2Fthe-bancorp-releases-investor-presentation-highlights-strong-financial-p-4a954c9b6d6c%2F%3Futm%5Fsource%3Dwhatsapp%26utm%5Fmedium%3Dsocial "WhatsApp") ![Portrait of Suzie Elis](https://giftcard.news/images/variants/v1/suzie-elis-editorial-portrait-w320.webp) About the author ## [Suzie Elis](https://giftcard.news/author/suzie-elis/) Journalist — Gift Cards & Digital Gifting Suzie Elis covers gift card products, digital gifting and distribution for Gift Card News. From reading to building ## Your next move in gift cards. Tell us what you’re building. We’ll help you explore suitable providers. 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