The Bancorp, Inc. has announced an expansion of its partnership with Block, Inc. through its wholly owned subsidiary, The Bancorp Bank, N.A. The two companies have amended their Master Services Agreement, initially established in December 2023, by entering into a Card Issuing Addendum. This new agreement facilitates the issuance of debit and prepaid cards, alongside related services, specifically for Cash App customers. The initial term for this addendum is set for five years, with the expansion of services expected to commence in 2026. The Bancorp Bank will provide updates as the program advances through its implementation phase.
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