Prepaid Card Issuers and Program Managers: Who Issues for Whom (2026)

Two banks issue 62% of the prepaid account agreements on file with the CFPB: Pathward (38.2% of active agreements) and Republic Bank & Trust Company (23.7%). Of the 3,090 agreements active as of October 24, 2026, 89% name a program manager other than the issuer: in the CFPB's words, the company responsible for designing, managing, marketing and operating the program. Netspend is named on the most, 820.

Regulation E requires issuers of prepaid accounts, other than the smallest, to file each agreement they offer with the CFPB, to name the program manager if there is one, and to withdraw an agreement once they stop offering it. The CFPB publishes the filings. This page counts the active ones and matches each issuer to its FDIC or NCUA record, so a bank filed under several names, a branch or a trade name counts once.

The issuers with the most active agreements

Rank	Issuer	Type	Assets	Active agreements	Share	Program managers named	Record	Source
1	Pathward	Bank	$7.3 billion	1,181	38.2%	35	FDIC	CFPB, FDIC
2	Republic Bank & Trust Company	Bank	$7.1 billion	733	23.7%	8	FDIC	CFPB, FDIC
3	Fifth Third Bank	Bank	$299 billion	299	9.7%	4	FDIC	CFPB, FDIC
4	Sunrise Banks	Bank	$2.8 billion	165	5.3%	9	FDIC	CFPB, FDIC
5	U.S. Bank	Bank	$706 billion	125	4.0%	0	FDIC	CFPB, FDIC
6	The Bancorp Bank	Bank	$9.2 billion	77	2.5%	23	FDIC	CFPB, FDIC
7	Central Bank of Kansas City	Bank	$410 million	64	2.1%	4	FDIC	CFPB, FDIC
8	First Century Bank	Bank	$832 million	49	1.6%	4	FDIC	CFPB, FDIC
9	Sutton Bank	Bank	$1.7 billion	44	1.4%	13	FDIC	CFPB, FDIC
10	GBank	Bank	$1.4 billion	31	1.0%	4	FDIC	CFPB, FDIC
11	Axiom Bank	Bank	$732 million	27	0.9%	4	FDIC	CFPB, FDIC
12	KeyBank	Bank	$189 billion	23	0.7%	0	FDIC	CFPB, FDIC
13	JPMorgan Chase Bank	Bank	$4.09 trillion	20	0.6%	0	FDIC	CFPB, FDIC
14	SouthState Bank	Bank	$68.8 billion	17	0.6%	3	FDIC	CFPB, FDIC
15	Green Dot Bank	Bank	$5.4 billion	16	0.5%	1	FDIC	CFPB, FDIC
16	Regions Bank	Bank	$160 billion	16	0.5%	3	FDIC	CFPB, FDIC
17	Middlesex Federal Savings, F.A.	Bank	$654 million	14	0.5%	1	FDIC	CFPB, FDIC
18	WEX Bank	Bank	$10.7 billion	14	0.5%	2	FDIC	CFPB, FDIC
19	Stride Bank	Bank	$5.4 billion	11	0.4%	2	FDIC	CFPB, FDIC
20	Community Federal Savings Bank	Bank	$827 million	10	0.3%	8	FDIC	CFPB, FDIC

Download every issuer (CSV), free. The full dataset, every active agreement with its issuer, the record it matched, its product type and its program manager as filed and as grouped, is one email away.

PNC Bank's count includes 1 agreement filed under BBVA USA, which merged into it; Fifth Third Bank's count includes 70 agreements filed under Comerica, which merged into it. A merger passes a bank's obligations to the bank that absorbs it, so its agreements are counted there.

Who runs the programs

The program manager is the company a cardholder usually deals with. The table shows the 20 named on the most active agreements and the banks that issue for them.

Rank	Program manager	Active agreements	Issuers	Issued by	Source
1	Netspend	820	4	Republic Bank & Trust Company; Pathward; Regions Bank; and 1 more	CFPB
2	Global Cash Card	638	1	Pathward	CFPB
3	Onbe	151	3	Sunrise Banks; Fifth Third Bank; The Bancorp Bank	CFPB
4	Corpay	147	1	Fifth Third Bank	CFPB
5	ReadyCredit	78	1	Pathward	CFPB
6	Blackhawk Network	77	2	Pathward; Sunrise Banks	CFPB
7	Money Network	63	2	Pathward; Flagstar Bank	CFPB
8	Numi Financial	51	2	Central Bank of Kansas City; Middlesex Federal Savings, F.A.	CFPB
9	Ouro Global	47	3	Pathward; Republic Bank & Trust Company; The Bancorp Bank	CFPB
10	Sightline Payments	47	2	GBank; Sutton Bank	CFPB
11	Unirush	45	1	Pathward	CFPB
12	Payoneer	39	1	First Century Bank	CFPB
13	ADP	36	1	Fifth Third Bank	CFPB
14	FSV Payments	33	2	Pathward; The Bancorp Bank	CFPB
15	Marcura	33	1	The Bancorp Bank	CFPB
16	Prepaid Technologies	30	1	Pathward	CFPB
17	Green Dot	26	2	Pathward; Green Dot Bank	CFPB
18	Rapid Financial	24	1	Axiom Bank	CFPB
19	TransCard	21	5	Four Corners Community Bank; SouthState Bank; Woodlands National Bank; and 2 more	CFPB
20	Wirecard North America	20	2	Fifth Third Bank; Sunrise Banks	CFPB

159 program managers are named across the database. 21 of them are named by more than one issuer. 21 agreements name the issuer itself as program manager, and 306 name none.

What kind of programs

Product type, as the issuer filed it	Active agreements	Share	Issuers	Source
Payroll	1,667	53.9%	30	CFPB
GPR (General Purpose Reloadable)	661	21.4%	56	CFPB
Other	306	9.9%	15	CFPB
Not stated	126	4.1%	12	CFPB
Government benefits	121	3.9%	6	CFPB
Refunds	75	2.4%	4	CFPB
Prison release	68	2.2%	6	CFPB
Travel	31	1.0%	12	CFPB
Digital wallet/P2P	23	0.7%	22	CFPB
Tax	8	0.3%	2	CFPB
Student	4	0.1%	4	CFPB

Payroll cards, onto which an employer pays wages, are the largest type: 54% of active agreements, as issuers classify them.

What the filings say

• Banks issue 97.6% of active agreements. 23 nonbank issuers, such as wallet and money-transfer companies that are themselves the party a consumer contracts with, account for 44.
• Most issuing banks are small. 29 of the 52 issuing banks hold less than $10 billion in assets, by FDIC data as of June 30, 2026, and those banks issue 82% of the banks' active agreements.
• Pathward names 35 different program managers on its active agreements, more than any other issuer.
• 1,070 products in the database are marked withdrawn, against 3,090 active.

What this means for technology buyers

A sponsor bank is accountable for programs it does not run day to day. Onboarding, transaction monitoring and complaint handling often sit with the program manager, but the bank answers for the outcome, which makes oversight of partners a technology question as much as a compliance one. These guides compare the options:

• Banking-as-a-service platforms for traditional banks: the ledger and controls a bank needs to sponsor fintech programs.
• KYC automation platforms: verifying cardholders a bank never meets.
• AML transaction monitoring for banks and fintechs: watching activity across partner programs.

Mapping the business? The Payments Industry Capability Model sets out what a payments business does, and the Payments Value Streams show how that work runs end to end.

More from Finantrix Atlas

• Largest card-issuing banks
• Notable money transmitters registered with FinCEN
• CFPB complaints about digital payments
• FedNow participants

How this was built

The CFPB's Prepaid Product Agreements database was read on October 24, 2026; the CFPB refreshes it nightly. It holds 4,160 products, each at its most recent agreement, and this page counts the 3,090 the issuer has not withdrawn. Each filed issuer name was matched to an active FDIC-insured bank (FDIC data as of June 30, 2026) or a credit union (NCUA data for 2026-06): first by name, then by full legal name where several banks share a shorter one. Where a name still pointed to more than one institution, the agreement itself settled it, by the address or website it gives, and a bank that has merged was followed to the bank that absorbed it through the FDIC's structure history. Every issuer's match rule and evidence are in the dataset. Program managers are typed by the issuer, so spellings of one company were joined, and a name was joined to a parent company only where the filing itself names the parent.

Limits

• Agreements, not accounts or dollars. The database counts products on offer. It does not say how many cards each has, how much money they hold or how much they spend, so a share of agreements is not a share of the market.
• Small issuers are missing. An issuer with fewer than 3,000 open prepaid accounts does not have to file, and neither does an agreement used only in a small product test, under the CFPB's rule.
• Active means not withdrawn. Issuers must withdraw an agreement within 30 days of ceasing to offer it; one filed late or never withdrawn still counts.
• The issuer types the program manager. Names were grouped by the rules above, and the grouping is in the dataset. A program manager named under an unrelated brand is counted separately.
• Matched by name. Agreements filed under a credit union name that two credit unions share (1) are counted apart rather than guessed.

Cite this

Free to quote, cite and republish, including the chart, with credit to Finantrix Atlas and a link to this page.

Two banks, Pathward and Republic Bank & Trust Company, issue 62% of the 3,090 prepaid account agreements active in the CFPB's database as of October 24, 2026, according to a Finantrix Atlas analysis of CFPB and FDIC data.

Suggested citation: Finantrix Atlas, "Prepaid Card Issuers and Program Managers: Who Issues for Whom," as of October 24, 2026, from CFPB, FDIC and NCUA data. https://www.finantrix.com/articles/prepaid-card-issuers-program-managers

Embed the chart:

<a href="https://www.finantrix.com/articles/prepaid-card-issuers-program-managers"><img src="https://www.finantrix.com/atlas/prepaid-card-issuers-program-managers.png" alt="Prepaid card issuers by active agreements, from Finantrix Atlas"></a>
<p>Chart: <a href="https://www.finantrix.com/articles/prepaid-card-issuers-program-managers">Finantrix Atlas</a>, from CFPB and FDIC data.</p>

Frequently asked questions

Q: Which bank issues the most prepaid account agreements? A: Pathward, with 1,181 of the 3,090 prepaid account agreements active in the CFPB's database as of October 24, 2026, followed by Republic Bank & Trust Company with 733.

Q: What is a prepaid program manager? A: The company that designs, markets and operates a prepaid card program on behalf of the issuing bank. 89% of active agreements in the CFPB's database name one other than the issuer.

Q: Which prepaid program manager is named most often? A: Netspend, on 820 active agreements with 4 issuers, according to the CFPB's database as of October 24, 2026.

Q: How many prepaid card agreements are on file with the CFPB? A: 3,090 were active as of October 24, 2026, from 91 issuers: 52 banks, 16 credit unions and 23 nonbanks.