Fiserv Eyes Health Savings AccountsMarket
BROOKFIELD, Wis. - (06/14/05) -- Fiserv said Monday it has unveiled acomprehensive menu of services to help credit unions and banksoffer tax-deductible health savings accounts. Fiserv said it willprovide HAS processing, as well as various payment solutions,marketing and education. The current law, which allows consumers toset aside tax-free medical accounts, allows the money to beinvested in mutual funds and other investment vehicles, requiringboth long-term investment management and day-to-day transactioncapabilities. HSAs have come slowly to credit unions, with only ahandful of credit unions known to have started offering the specialaccounts.