CIGNA HealthCare to Offer Metavante's MBI Debit Card
Metavante has announced its MBI Benefits, Inc. affiliate will provide the national debit card for CIGNA HealthCare's popular flexible spending accounts (FSA).
The MBI Benefits Card will provide CIGNA's FSA participants with electronic access to their FSA funds for accounts beginning in 2006.
"As a leading provider of FSAs, we chose MBI based on its ability to tailor a debit card product with proven technology that best provides our customers with electronic access to FSA funds," said Jake Biscoglio, head of product development, consumer products, CIGNA HealthCare. "This relationship with Metavante Healthcare Payments opens the door to exploring more healthcare payment services options for our consumers."
"Metavante acquired MBI just prior to CIGNA HealthCare selecting the MBI Benefits Card for its FSA accounts," said Frank D'Angelo, president and chief operating officer, Metavante Payment Solutions Group. "We leveraged the combined resources of Metavante Healthcare Payments to build customized enhancements to the MBI Benefits Card for CIGNA HealthCare to ensure its readiness for 2006 and a new benefits year. Our relationship with CIGNA HealthCare represents a solid growth opportunity for Metavante Healthcare Payment Solutions. We stand ready to expedite future development requests and bring other services to the table as we're called upon."
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