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CONNECTYOURCARE CONTINUES STRATEGIC PARTNERSHIP WITH FIRST DATA FOR HEALTHCARE PROCESSING SERVICES
Companies Extend Relationship for an Additional Five Years
(Hunt Valley, MD) September 13, 2011 - First Data Corporation, a global leader in electronic commerce and payment processing, and ConnectYourCare LLC, a leading consumer-directed healthcare (CDH) administrative platform, announced today that ConnectYourCare will continue its partnership with First Data as the provider of multi-purse processing services for its entire suite of healthcare accounts for five more years.
First Data will continue to support ConnectYourCare’s benefit debit cards for consumers to access pre-tax dollars set aside for healthcare in flexible spending accounts (FSAs), health reimbursement accounts (HRAs) and health savings accounts (HSAs).
"We are excited to extend our relationship with ConnectYourCare and continuing to enable consumers to access their healthcare dollars securely, reliably and efficiently through card payment options,” said Joan Christensen, vice president, First Data. “This renewal demonstrates our sustained focus in providing our expertise and solutions to the health care market.”
“Our direct partnership with First Data gives us an industry advantage, allowing ConnectYourCare to cut out intermediary parties and integrate its industry leading proprietary technology directly into the healthcare debit cards,” said Jamie Spriggs, president, ConnectYourCare. “We are pleased to announce that we are continuing this valuable relationship, which enables ConnectYourCare to continue empowering consumers to control their healthcare choices.”
About ConnectYourCare
ConnectYourCare’s consumer-directed healthcare (CDH) benefit delivery platform provides a pathway for migration to account-based health plans, supplying tools for consumers to better manage their healthcare dollars. ConnectYourCare’s core strategy is based upon providing stewardship to its customers by helping them simplify complex health benefit concepts, motivate individuals to act, and execute a successful solution, resulting in long-term health benefit cost containment. Please visit ConnectYourCare.com for more information.
About First Data
Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. First Data leverages its vast product portfolio and expertise to drive customer revenue and profitability. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction.
Contacts
Alicia Main, ConnectYourCare
(410) 891-1022
alicia.main@connectyourcare.com
Cara Crifasi, First Data
303-967-6367