Card Processors Like TSYS Rush Into Medical Niche
Peralte Paul reports for the Atlanta Journal-Constitution about a recent deal between card processor TSYS and Exante Financial Serfvices, the banking unit of United Health Group.
"We've been trying to make a big splash in the health market for a long time now," said Bob Borneman, health care initiatives director at TSYS Prepaid, a Total System Services subsidiary. "Our deal with UnitedHealth Group gets us in the market for a variety of different health care providers. The banks are very interested in being in the health care market because they see this as a way to offer health-related products and retain those funds."
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