InsurCard Provides an Instant Issue Catastrophic Relief Solution for First Insurance Company of Hawaii, Ltd.

Hurricanes Are Raging, Brace Yourself, with InsurCard

PHILADELPHIA--(BUSINESS WIRE)--The 2008 storm season promises to be merciless. We are already seeing the predictions come true for a ‘much more active’ Atlantic hurricane season as predicted by meteorologists from Colorado State University’s Department of Atmospheric Science. That’s why insurance companies have to be ready BEFORE disaster strikes and able to react instantly. You simply cannot afford to wait…and now, you don’t have to. InsurCard has you covered.

You just filed an insurance claim. You’re facing serious, unexpected hardships. You need the money as soon as possible. And you want it in a form that you can use right away – quickly and easily.

The InsurCard Visa^® Prepaid Card is the solution:

In a catastrophe, adjusters in field offices receive an allowance of cards for the number of claims they plan to evaluate that day. Cards are inactive and have no value until authorized by the insurer. As soon as possible, the adjuster meets the policyholder at the scene, makes an initial claim evaluation, and determines the amount to be paid for immediate needs. The adjuster activates the card by phone, on the spot. Once activated, InsurCard provides the policyholder with the necessary funds to meet critical needs for food, shelter, and emergency repairs. As the recovery process continues, the card may be reloaded to pay for property damage and additional living expenses.

InsurCard is so simple, so practical and so economical that you have to wonder why it wasn’t always like this.

Consider the advantages of InsurCard:

1. Ready-to-use turnkey program designed for fast response in case of catastrophes. Cards are kept on-hand so funds can be dispersed rapidly. Cards are activated real-time in the field so funds are immediately accessible by insureds without having to wait for checks to clear.
2. Highly secure. Because each card is linked to a specific policyholder and claim, cards are safe enough to be used by outside adjusters, even independents. And the insurer controls the payment and activation of cards. Cards have no value until the insurer authorizes payment.
3. More cost effective than checks. Studies show it costs insurers $10 to $14 per claim check issued. InsurCard not only costs less, it can be reloaded with additional payments to complete a claim for even greater savings.

InsurCard is the brainchild of J. Robert Mendte of Lansdale, Pa. – a seasoned pro with more than 30 years experience as an insurance operations executive and management consultant. According to Mendte, “No state prohibits the use of a properly designed prepaid card program for the payment of insurance claims.”

About InsurCard

InsurCard is a wholly owned subsidiary of Service Network Design LLC. As specialists in insurance operations and systems, SND designed InsurCard to meet the stringent requirements of the insurance industry. For more information about InsurCard visit www.insurcard.com or call 800-708-9887.

About The Bancorp Bank

The Bancorp Bank is the nation’s third largest issuer of network branded prepaid card accounts. Long-standing relationships with card associations and industry leading networks and processors are the key to the organization’s success. For more information, visit www.thebancorp.com.

The InsurCard Visa Prepaid Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. The Bancorp Bank; Member FDIC.

Federal Reserve Study Shows That More Than Two-Thirds of Noncash Payments Are Now Electronic

Minneapolis, Minn., December 10, 2007--The Federal Reserve’s 2007 study of noncash payments released today revealed that in 2006 more than two-thirds of all U.S noncash payments were made electronically. From 2003 to 2006, the period covered by the study, all types of electronic payments grew while check payments decreased. The Federal Reserve’s 2004 Payments Study found that the number of electronic payments and check payments were roughly equal in 2003.

Job Service North Dakota will make unemployment insurance benefit payments electronically to debit cards carried by claimants, beginning in November 2007, and will stop mailing paper checks.

Job Service has partnered with U.S. Bank to issue the ReliaCard® Visa® debit card to unemployment insurance claimants. The debit card will be similar to cards U.S. Bank issues for child support and Temporary Assistance for Needy Families (TANF) in North Dakota, except that unlike the child support and TANF debit cards, unemployment insurance claimants will not be charged a fee when using their cards to make cash advances at banks and financial institutions that accept Visa.

GOVERNOR RENDELL SAYS MOVE TO DEBIT CARDS FROM UNEMPLOYMENT BENEFIT CHECKS WILL SAVE TAXPAYERS $2 MILLION A YEAR SWITCH IMPROVES SECURITY, CONVENIENCE FOR CITIZENS

HARTFORD, Conn. --After Hurricane Katrina hit, James Cauthen, like many other residents of coastal Louisiana and Mississippi, needed money.

Everything the Cauthens owned was gone and they found themselves evacuated from their Slidell, La., home with nothing but a pile of clothes and a pickup truck. They were at the mercy of their insurance company to get cash for living expenses.