• The fact that this card company is innovative and working towards a common goal of making things easier, faster and cheaper for the customer, is one thing that really inspires you to consider it with your business. Having people inside the company who are looking at ways of making substantial improvements to provide ease of use and flexibility to its customers can only mean great things for the future for all who subscribe.

• There is an inspirational side to this company, and that is that they have a plan to empower more than one billion of the world’s poorest people with the technology to make things easier for them. This goal is already underway with some very strong corporate affiliations being made to achieve the goal and more. There are not too many companies that have this type of clear defined goal as a part of their mission statement, and that fact alone is worthy of serious consideration.

• There is a strong emphasis on teaching kids how to effectively deal with their money, and the budgeting requirements that we all must face as we move forward. The online tools available for this purpose are second to none in the industry and are something that the company is very proud of. Being able to monitor and influence the spending being carried out by your kids is a great advantage for any parent.

If you can imagine that a lady volunteer whilst working as a volunteer in Africa, realized something that would eventually give birth to a brand new concept combining banking and mobile phones, then you will see how “timely” this new introduction was. In 2005 the idea was transformed from an idea to a fully fledged and funded venture capital initiative, creating what we know today as Obopay.

The basis of the concept was the simple fact that the single most carried commodity in the world, and even in Africa, was and still is the mobile phone. Yep that’s right, the good ole cell phone is the one thing that more than 80% of adults around the world carry with them at all times. Therefore to this entrepreneur of more than three decades, it made sense to realize a potential goldmine in combining the mobile phone with banking. Never done before, and as risky as anything else that is brand new, she went ahead and formed a company with some of the brightest minds in both industries, developed a business plan and sought funding for the company. With that funding secured the company went on to be launched in 2005.

Later in 2008 Bancorp Bank was approached by Obopay and subsequently the two companies have entered into a business agreement, making Bancorp Bank the distributor of the Bancorp Bank Obopay Family Prepaid MasterCard.

Okay so this card is a MasterCard card which means that it is accepted anywhere where MasterCard is accepted around the world, including at over one million ATM’s. This makes the card versatile, flexible and extremely functional. It is a debit card and not a credit card meaning that going into any form of debt with the Bancorp Bank Obopay Family Prepaid MasterCard is virtually impossible,

The major difference with this card is the fact that it works in direct relation with not just your mobile phone, any mobile phone that has downloaded the mobile app. This means that your card account can be accessed anytime night or day via your mobile phone, through a downloadable mobile application. This new concept in the marketplace allows America’s more than two hundred million mobile consumers the flexibility to pay for goods, transfer funds and deposit funds to their account, all via the mobile phone.

The Bancorp Bank Obopay Family Prepaid MasterCard is truly a pioneer in the world of prepaid debit cards, and unlike others, this is probably the only card company available that can safely say “we have the technology that nobody else offers.” In saying this, they would be right. This is the only card that is able to be used in conjunction with any mobile phone, on any network.

A great example of where the resources of this card come into play is if your teen is out to dinner and they need money to pay the bill. Once upon a time you as a parent would have needed to visit them to give them the money prior to leaving the restaurant, or you would have had to speak to the manager and use your own card to settle the debt. Not anymore. With the Bancorp Bank Obopay Family Prepaid MasterCard it is simply a matter of transferring the funds, via your mobile if you are away from the house, and your teen will have the money to spend immediately.
As well as these ingenious inclusions and the fact that this is pioneering technology, the bank still maintains a strong emphasis on the cards being used in such a way that teaches your kids about money, finances, and budgeting. The online tools available for this purpose are second to none. There are no age restrictions on the Bancorp Bank Obopay Family Prepaid MasterCard, making it an ideal solution to many families needing to spread the money they have to their kids, without the need for the kids to be walking around the streets with large amounts of cash in their pockets. It also eliminates the need for your kids to frequent ATM’s late at night where it is unfortunately common practice for unsuspecting people to be taken advantage of.

Another great way to get the full advantages from the Bancorp Bank Obopay Family Prepaid MasterCard is if you are run a small business or vendor wanting to source a fast pay solution for your customers that is fee free! As compared with all other forms of merchant electronic payments there are unusually quite expensive and time consuming interchange activities that need to take place. Not with this facility and the transaction is free of any charges. It makes great sense to be using this facility as a small business owner, making online payments your preferred mode of payment from customers.

The Bancorp Bank Obopay Family Prepaid MasterCard comes with no age restrictions, but will obviously require the standard parental involvement for kids aged less than eighteen years. There are no credit checks for the debit card, and the money that is deposited to the account is your money to spend. Fees are very low in comparison with other companies who have been in the business a lot longer, but have nowhere near the available technology.

If you are looking for a cutting edge prepaid debit card that has all the bells and whistles, but without the high costs, and one that provides the flexibility and freedom of a MasterCard, then you would be doing your family a great favor by investigating the Bancorp Bank Obopay Family Prepaid MasterCard. Remember that there is no other card issuing company offering this kind of ability, and it is only going to make life a whole lot easier for you, your kids, and the people they spend their money with. At the same time, they will be receiving a sound education in handling their finances, and all without going into any sort of debt.