Banksys, the Belgian payment systems company, said it has begun the first Proton smart card program in the electronic benefits transfer field.

The service provided by Federation des Mutuelles Socialistes de Brabant, or FMSB, involves reimbursement of health-care expenses on Proton stored- value cards at machines in offices of the state-sponsored health-care agency.

Proton World International, the joint smart card venture that began at Banksys in 1995 and was partially spun off last year to Visa International and three other companies, said FMSB has historically been in the forefront of computerization and smart card innovations.

By eliminating cash payments, the 480,000-member FMSB lowers administrative costs and averts what had become a serious robbery problem in its offices, Proton World said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.