MINNEAPOLIS--(BUSINESS WIRE)--HealthEquity®, 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®, 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) 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.
