Fiserv Units To Support, Process HSAs
Fiserv announced last week that all of its seven credit union processing subsidiaries are developing capability to support and process health savings accounts, with initial product release expected over the next few weeks. All of the group's subsidiaries: AFTECH, CUSA Technologies, Galaxy, IntegraSys, Summit, USERS and XP Systems, collaborated on the specifications and design of this emerging technology. The system is currently being beta tested in several credit unions. HSAs are tax-deductible savings plans that must be spent on health issues. The credit union HSA program is part of a broader effort by Fiserv to incorporate its health services operations across credit union and other customer lines. Fiserv plans to roll out additional products linked to HSAs, such as debit cards and overdraft lines of credit tied to the accounts.