Visa, SHPS Renew Agreement for Employee Benefit Cards
Visa and SHPS have announced "the renewal of a collaborative agreement which pairs the world’s largest electronic payments network with one of the nation’s largest providers of account-based, consumer-driven healthcare solutions. Under terms of the renewal, Visa remains the preferred payment brand for employee benefit card programs administered by SHPS, which serves large and mid-sized employers, health insurance carriers, and government agencies."
“This relationship supports SHPS’ mission of empowering consumers to improve their overall health and optimize healthcare spending,” said Rishabh Mehrotra, President and CEO of SHPS. “Visa’s payments industry leadership will help us continue to offer clients card-based solutions that provide a much more convenient way to access needed funds in health benefit accounts, helping consumers and employers truly maximize these benefit programs and creating efficiencies for plan sponsors.” “The convenience and efficiencies offered by a Visa payment card play a valuable role in encouraging the adoption of consumer-driven healthcare programs,” said Stacy Pourfallah, senior business leader, healthcare products, Visa Inc. “By enhancing its benefit accounts with a Visa Healthcare card, SHPS helps create a better experience for employee benefit participants while helping to reduce costs and paperwork for employers and administrators.”
For more information about Visa employee benefit programs, visit http://www.visa.com/healthcare. Information about SHPS is available at http://www.shps.com.
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