Exante Announces Health Benefit Debit Cards

"This valuable product, created through our relationship with MasterCard, will help medical benefit providers streamline and automate the administration of their health benefit programs and enhance consumers' choice and convenience," said Nick Santoro, CEO, Exante Financial Services. "Payment industry analysts forecast that in the next five years debit cards linked to HSAs alone could facilitate as much as $2 billion in annual spending, with as much as $9 billion in additional spending occurring through other types of consumer controlled health reimbursement accounts."

"Exante Financial Services is ideally suited to support health benefit providers as they apply electronic and card-based payment solutions to the latest in health care savings programs," said Bill Mathis, senior vice president, member relations, MasterCard International. "Providers of medical plans will be well served by utilizing Exante Financial Services' card issuing and financial services platform."