As part of its GoPayment mobile payment offering, Intuit Inc. announced the launch of the Intuit GoPayment Prepaid Visa Card. The card expands Intuit’s strategy beyond processing credit cards on a mobile device to offering a Visa prepaid account linked to GoPayment. Both GoPayment and its prepaid card, are designed to operate outside the banking system, although they can also operate with small businesses that have bank accounts.

The GoPayment Card allows users to have the funds they collect with the GoPayment mobile application deposited into a prepaid card account. The funds are held at The Bancorp Bank, Wilmington, Del. Customers can then use the card to make payments online, in stores, and withdraw cash at ATMs everywhere Visa debit cards are accepted.

The card is designed for smaller businesses or individuals who don't have a business bank account and still want to separate the money they make with GoPayment from their personal finances. It can also help them get up and running quickly as there is no bank account required to sign up. Those who prefer using a business or personal bank account can still choose to have their funds deposited into their bank account.

The GoPayment Card has no signup or monthly maintenance fees and offers one free ATM cash withdrawal each month as well as one free transfer of funds from the card to a bank account via ACH each month. The GoPayment Card is available exclusively to GoPayment users by signing up at GoPayment.com or via the GoPayment app.

The Intuit GoPayment Prepaid Visa Card is issued by The Bancorp Bank, a $3.4 billion-assets wholly owned subsidiary of The Bancorp, Inc. a financial holding company. The bank has a regional community bank division operating in the Wilmington, Del./Philadelphia market area, and provides private-label banking and technology solutions for non-bank companies through more than 300 private-label affinity partner programs.