HealthEquity Selects TSYS Healthcare to Provide User-Centric Payment Solutions for Consumer-Directed Health
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TSS | Quote | Chart | News | PowerRating -- HealthEquity(R), the nation's first and largest health savings
account (HSA) trust, announced today that it has selected TSYS
Healthcare to provide payment processing for its consumer-directed
healthcare program. TSYS Healthcare's state-of-the-art tax-advantaged
tools and expertise will allow HealthEquity to expand its products and
strengthen its commitment to help consumers build personal health
savings and security.
"TSYS Healthcare has a suite of services that complements our current
strategy, resulting in a synergy that will move the industry toward an
engaged, consumer-centric solution," said Jon Kessler, executive
chairman for HealthEquity. "We believe TSYS Healthcare has the
leadership, flexibility and long-term commitment to help us simplify
healthcare payments for our customers."
"We're pleased that HealthEquity views TSYS Healthcare as the solutions
provider it needs to sharpen its focus on the consumer," said Trey
Jinks, group executive for healthcare, TSYS. "TSYS Healthcare is
committed to creating technically and financially innovative
consumer-focused solutions in healthcare. Together with HealthEquity, we
can create an environment where individuals are more comfortable with
managing their healthcare dollars."
About HealthEquity(R), Inc.
HealthEquity helps hundreds of thousands of American families build
health savings and the confidence to be savvy healthcare consumers, all
day, every day, with 24/7 live access to healthcare finance specialists,
seamless integration with health insurers and employer benefits
programs, and a comprehensive set of tools to help our customers save
and spend their medical dollars wisely. In addition to HSAs, we offer
total account solutions that include VEBA/HRA/FSA and other
tax-advantaged health accounts. To open a HealthEquity account, contact
your employer, insurer, broker or visit us directly at www.healthequity.com.
About TSYS Healthcare
TSYS Healthcare, based in Minneapolis, Minn., was created as a division
of TSYS in 2007 to provide end-to-end solutions tailored to the emerging
market of consumer-directed healthcare. TSYS Healthcare is a founding
member of the Special Interest Group for IIAS Standards (SIGIS), formed
in 2007 to enable real-time, auto-substantiation for eligible medical
items purchased with a FSA/HRA payment card. The division provides
financial institutions, insurers, participants and third-party
administrators (TPAs) with the expertise and support to navigate all
aspects of health savings accounts (HSAs), health reimbursement
arrangements (HRAs), flexible spending accounts (FSAs) and lines of
credit. Its new processing model enables consumers to use a single card
to access their healthcare dollars. For more information about TSYS
Healthcare contact healthcare@tsys.com
or visit www.tsyshealthcare.com.
About TSYS
TSYS (NYSE: TSS | Quote | Chart | News | PowerRating) is one of the world's largest companies for outsourced
payment services, offering a broad range of issuer- and
acquirer-processing technologies that support consumer-finance, credit,
debit, healthcare, loyalty and prepaid services for financial
institutions and retail companies in the Americas, EMEA and Asia-Pacific
regions. For more information contact news@tsys.com
or log on to www.tsys.com.
TSYS routinely posts all important information on its Web site.
SOURCE: TSYS Healthcare
TSYS Media Relations
Cyle Mims, +1.706.644.3110
cylemims@tsys.com
or
TSYS Investor Relations
Shawn Roberts, +1.706.644.6081
shawnroberts@tsys.com
or
HealthEquity, Inc.
John Sweeney, +1.801.727.1019
jsweeney@healthequity.com
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