Tag Archives: Best Benefits Distribution Card Program

Business, Finance, Occupation & Industry

Evolution1 Wins 2013 Paybefore Award

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By Business Wirevia The Motley Fool

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Evolution1 Wins 2013 Paybefore Award

Industry Leader Provides Innovation, Simplicity in Healthcare Market

MINNEAPOLIS–(BUSINESS WIRE)– Evolution1®, an established leader in the employee benefits debit card market, was recently chosen as a 2013 Paybefore Award winner in the Best Benefits Distribution Card Program category. The winning card program, Evolution1 Card Program for Taft-Hartley Trust Funds, in conjunction with Visa Inc.®, seeks to provide innovation and simplicity in healthcare, ultimately providing a better experience for consumers.

Evolution1 was chosen from a record number of entries from around the world. The Visa-branded employee benefits payment card enables union members to have a convenient, consumer-friendly card to access their health reimbursement account (HRA) pre-tax funds to pay for their current health care expenses.

“Visa has been vital to us and for the Evolution1 ecosystem,” said Jeff Young, chairman and CEO of Evolution1. “Innovation, security, and reliability are synonymous with Visa, and we’re proud to collaborate with them to simplify the business of healthcare.”

Chris Byrd, president and chief operating officer of Evolution1, recently participated in the 2013 Visa Prepaid Forum. He and other prepaid industry leaders served on a panel titled “Meeting Evolving Consumer Financial Needs”. The 10th annual event brought together a broad group of senior level attendees from the prepaid industry.

Visa will also have a strong presence at Evolution1 Partner Conference 2013, March 19 – 21 at Disney World Dolphin Resort in Orlando, Florida. Visa is a Gold Sponsor at the sixth annual premier Partner event where record attendance is expected.

About Evolution1

Evolution1 and our Partners serve more than 8 million consumers, making us the nation’s largest electronic payment, on-premise and cloud computing healthcare solution that administers reimbursement accounts, including Defined Contribution, HSAs, HRAs, FSAs, VEBAs, PRAs, Wellness, and Transit Plans. It is the only solution that offers a single end-to-end user experience, provides innovative auto-substantiation technologies, and automates workflow for Partners, employers, and consumers. Learn more at evolution1.com.

Evolution1
Tiffany Wirth, 701-499-7215
twirth@evolution1.com
www.evolution1.com/about-us/latest-news

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

The Bancorp's Benefits Debit MasterCard® and Benefits Visa® Debit Card Named Winner in Seventh Annua

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By Business Wirevia The Motley Fool

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The Bancorp’s Benefits Debit MasterCard ® and Benefits Visa ® Debit Card Named Winner in Seventh Annual Paybefore Awards

WILMINGTON, Del.–(BUSINESS WIRE)– The Bancorp Payment Solutions Group, a division of The Bancorp Bank (“Bancorp”), a wholly owned subsidiary of The Bancorp, Inc. (NAS: TBBK) , is proud to announce that the Benefits Debit MasterCard and Benefits Visa Debit Card have been recognized as winners in the 2013 Paybefore Awards.

The Benefits Debit MasterCard and Benefits Visa Debit Card were recognized in the “Best Benefits Distribution Card Program” category. Plan participants have the ability to pay for services with their debit card rather than paying out of pocket and submitting claims for reimbursement. Using the debit card, cardholders have the ability to view and monitor transactions real-time online through Alegeus’s WealthCare Portal or WealthCare Mobile applications. Alegeus offers a fully integrated imaging solution which allows participants to simply fax or upload a receipt that is automatically linked to the transaction in the system. The technological innovations of Alegeus’ solution are primarily driven by their configurability of the order of reimbursement, plan level rules, and plan level settlement capabilities with employers.

Paybefore Awards, now in its seventh year, is the most prestigious recognition of excellence in the worldwide prepaid and emerging payments industry. The awards are presented annually by Paybefore, whose publications are the leading source of industry information for alternative payments executives.

“We are honored to share this recognition with Alegeus Technologies,” said Jeremy Kuiper, Managing Director, The Bancorp Bank. “This program offers unique plan designs to meet the most unusual or creative of consumer directed benefits.”

The winning programs were selected by a panel of five industry experts who served as judges for this year’s competition, which—once again—included a record number of entries from around the world.

“Paybefore Awards were created to honor the companies and individuals that are at the forefront of innovation as well as successful market implementation across the globe,” said Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel.

“It’s a dynamic time in electronic payments as companies like The Bancorp Bank and Alegeus Technologies continue to innovate to solve payments problems,” she continued. “We are proud to recognize its contributions to advancing the prepaid and emerging payments industry.”

The winning programs will now vie for Best-in-Category distinction, which will be announced during the Paybefore Awards ceremony on March 4 at the Prepaid Expo (www.prepaidexpousa.com). And for the first time in Paybefore Awards history, visitors to Paybefore.com will have …read more
Source: FULL ARTICLE at DailyFinance