EMDEON VIRTUAL CARD PAYMENTS

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "EMDEON VIRTUAL CARD PAYMENTS"

Transcription

1 EMDEON VIRTUAL CARD PAYMENTS Simplifying the Business of Healthcare

2 How Much Could You Be Eligible to Receive? By switching provider payments from paper checks to Virtual Card, you could be eligible to receive revenue share payments from Emdeon. Virtual Card at a Glance Using Virtual Card, providers can accept your claims payments electronically using existing payment card networks instead of receiving paper checks. Similar to how providers process co-payments today when patients present a credit card for payment, providers enter card account information into their POS terminals and the funds are deposited virtually immediately into their existing merchant account. Virtual Card are processed similarly to credit card payments in the provider s office, but a physical, plastic card is never issued. The card information is simply printed and mailed to the provider with the Explanation of Payment (EOP). Emdeon Payment Network Virtual Card are just one component of the Emdeon Payment Network, a comprehensive suite of services that combines electronic and print payment infrastructures. By combining our vast network of providers and payers with established relationships with financial institutions, payment card processers and Emdeon owned and operated print centers, Emdeon Payment Network can help give you an edge across all payment distribution methods. Why Multiple Channels? If your long-term goal is to move the majority of your provider payments from print to electronic, you need the flexibility to leverage a variety of provider payment channels during your transition. For example, you may prefer to migrate the majority of your low value claim reimbursements (below a $5,000 threshold) to Virtual Card. Additionally, in instances when providers may opt-out of high value claim reimbursements, you can leverage other low cost payment mechanisms such as Automated Clearing House (ACH) direct deposit and Image Cash Letter (ICL) payments as electronic payment alternatives. And, for any remaining payments, Emdeon can economically print and mail those documents too using our printing and fulfillment services including our unique postage cooperative. One Vendor + One Payment File = Easier Implementation and Reconciliation Instead of using separate vendors to handle your print and electronic provider payments, Emdeon can take your single payment file and convert it into a variety of payment methods to help you efficiently pay your providers. Why is that so important? Having a single partner to handle your provider payments helps you save valuable time and makes it much easier to reconcile payments across multiple payment methods. Emdeon Payment Network Infrastructure Emdeon epayment Mailed Check Virtual Card ACH ICL Emdeon Healthpayers USA Postage Cooperative Emdeon Printing and Fulfillment *Copyright MasterCard Worldwide All rights reserved. MasterCard is in no way affiliated or associated with Emdeon. 03

3 Overview Payers like you have been taking notice of Virtual Card recently. Why? Because there are substantial cost savings opportunities when traditional paper check payments are replaced with Virtual Card. Using Virtual Card, not only can you save money, but Emdeon could even pay you based on your Virtual Card Payment transaction volume.** Prior to the arrival of Virtual Card, many payers attempted to route more payments electronically via ACH direct deposit in an effort to reduce the administrative expenses associated with printing and mailing paper checks. Since provider enrollment is required to switch from paper to ACH payment distribution, payers can be limited in successfully delivering the majority of their payments electronically which, unfortunately, can also limit their ability to save money. Some payers were identified as having the potential to receive several million dollars each year. * Your savings * could potentially exceed what you are paying today to print and mail checks. And, we re not talking about just a few dollars in savings here and there. Your savings could potentially exceed what you are paying today to print and mail checks. Based on an analysis of numerous payers paper check-based payment distribution volume (facilitated by Emdeon), some payers were identified as having the potential to receive several million dollars each year based on converting their organization s annual paper check-based provider payments to Virtual Card. Easily Processed by Providers Virtual Card do not require the swiping of a physical card for payment to occur. To send a payment, Emdeon prints the 16-digit card number, payment amount, Card Verification Code (CVC) and expiration date with the provider s EOP. To process the payment, the provider inputs the card information into their POS terminal. It is important to note that the merchant processing fee that providers incur when processing Virtual Card is not dictated by you or Emdeon. This is the same rate that the provider previously negotiated individually with their preferred merchant processor. Unleash Your Ability to Reduce Print Distribution Expenses With Virtual Card, you are no longer held back by the barrier of provider enrollment. This is an important facet of Virtual Card since you can be empowered to switch the majority, or even all, of your provider payments from paper checks to Virtual Card and reap a substantial cost savings as a result. Virtual Card offer mutual benefits. For providers, payment is received quickly and simply without the hassle of program enrollment or paper check deposit procedures. Plus, the transfer of funds is virtually immediate, similar to credit card transactions. For you, there s a significant cost reduction. In some instances, you may receive sizeable payments depending on your Virtual card transaction volume. *Based on an analysis of Emdeon proprietary data. **Estimated potential annual value will be based on converting your organization s annual paper-based provider payments distributed by Emdeon to Virtual card payments as well as certain assumptions on payment conversion rates, provider adoption rates, applicable merchant processing fees and EPN services selected, among other items. *Estimated potential annual value will be based on converting your organization s annual paper-based provider payments distributed by Emdeon to Virtual card payments as well as certain assumptions on payment conversion rates, provider adoption rates, applicable merchant processing fees and EPN services selected, among other items. Your Organization * Contact Us Today! 877.EMDEON.6 ( ) 05

4 Provider Acceptance of Virtual Card Virtual Card represent an optional payment solution for providers. Providers may instead choose to receive reimbursements by ACH direct deposit (from participating payers) or paper check. Providers need to call the Emdeon Payment Network support team to verify or update their payment preferences. Providers electing to switch to ACH direct deposit have several convenient options for Emdeon epayment enrollment which are described online at Provider Acceptance of Multiple Payment Methods There may be occasions in which providers receive payments through combinations of payment types as more payers transition to Virtual Card. However, they will never receive reimbursement through a method they have not stated among their payment preferences. For example, Payer A may distribute claims payments to Provider X via Virtual Card while Payer B may still be distributing claims payments via paper checks to Provider X. In this scenario, Provider X is receiving two types of claims payments from two different payers, though never receiving duplicate payments for the same reimbursement. Provider Participation: Opt-Out Model Emdeon has created a turnkey solution. If payers agree to an opt-out strategy recommended by Emdeon, payers are not required to enroll providers into the program. Unless or until a provider alerts Emdeon that they would like to receive an alternate form of payment, providers are automatically set up to receive Virtual Card from participating payers. Virtual Card Payment Security Measures The card information is generated securely and seamlessly integrated into Emdeon s system. Card numbers are activated and assigned expiration dates only when payments are ready to be sent. Card information is sent with EOP s directly to existing designated contacts within the provider organizations. Each payment is assigned its own card number; the monetary value of the Virtual card is equal to the payment amount for which it was issued. Virtual card numbers are credit card numbers, 16-digits in length and assigned specific dollar values, as well as corresponding expiration dates and CVC. Optional General Ledger (GL) clearing account numbers or reference numbers can also be provided. To process transactions, providers must correctly input the card number and expiration date (at minimum). Some POS terminals also require a CVC if a physical card has not been swiped. A card number is valid only up to the total amount for which it is issued. Once that dollar value has been reached, the card number is no longer functional. Thus, providers do not need to keep these numbers on file. Security restrictions can be added to only allow Virtual Card to be processed using a POS terminal associated with specific merchant codes (e.g. Healthcare related merchant accounts). Virtual Card Payment Expiration Date After the expiration date, a Virtual Card Payment is no longer valid. Emdeon will not reissue the number or assign a new expiration date. Just as with paper check depositing, providers bear the responsibility for processing their Virtual Card in a timely fashion. Reporting Availability Emdeon generates two daily reports for Virtual Card. Payment Register Report Used by payers to identify the payment method utilized for each provider payment distributed. This is helpful when payers are using a variety of payment distribution methods. This report is generated following each production release which normally occurs at approximately 10:00 am Central Time each business day. The production release is triggered when Virtual Card Payment information has been generated. This report lists the payer s payments from that day s release and denotes the payer s original check number for each payment to be made and the final method by which the payment will be processed: check, ACH or Virtual Card Payment. Payers have the option to receive Payment Register Reports with or without claim numbers associated with payments. They may access these reports through a secure File Transfer Protocol (FTP) site or receive them by . Funding File Report Used to notify payers that Emdeon will be withdrawing funds to cover the Virtual Card processed by providers the previous day. This report is relevant for payers who opt for the post-funded model, meaning they choose to fund the Virtual Card after the Virtual Card are authorized (see details in the next section of this document). This report is run each business day at approximately 10:00 am Central Time and reflects debit and credit transactions that occurred the previous day. With this report, payers are notified regarding the total funds that Emdeon will withdraw from their bank account in order fund the Virtual Card, as well as details for each payment represented therein. Payers may access these reports through a secure FTP site or receive by . 07

5 Advantages of Virtual Card for Providers Simplifies electronic payment acceptance for providers since neither registration nor enrollment with the payer is required Eliminates the cost and hassle of processing paper check-based claims payments Eliminates the risk of checks being lost or stolen Follows a transaction process most providers are already familiar with requiring minimal instruction to get started Provides an economical method of processing payments since the merchant fees incurred by providers are, on average, of relatively low dollar value and in the range of fees already incurred by providers accepting credit card payments from patients* Accelerates cash flow since transactions are processed virtually immediately Advantages of Virtual Card for Payers Emdeon Virtual Card represent an important step in the right direction to help you cut provider payment distribution costs Emdeon could even end up paying you for provider payments sent via Virtual Card Eliminates the hassle of printing and mailing of checks Processes payments electronically to increase efficiencies and profitability Eliminates the hassle of managing provider enrollment for ACH Virtual Card Payment Routing Overview 1. Provider submits claim to payer. 2. Payer processes the claim. 3. Payer submits provider payment file to Emdeon. (This file may contain data only for providers receiving Virtual Card or it may also include data for all provider payment types.) 4. On behalf of the payer, Emdeon prints and mails the EOP to the provider with the 16-digit card number, payment amount, expiration date and CVC. 5. Provider manually inputs the card number, payment amount, expiration date and CVC into their POS terminal. Once the transaction has been processed for the total amount allotted to the card, the card information is no longer valid. 6. A secure payment transaction occurs virtually immediately. 7. If the post-funded model is selected, the funds are withdrawn from the payer s financial institution account. 8. The payer receives a reconciliation report from Emdeon. 9. Based on transaction volume, the payer may receive a payment from Emdeon.* *Estimated potential annual value will be based on converting your organization s annual paper-based provider payments distributed by Emdeon to Virtual card payments as well as certain assumptions on payment conversion rates, provider adoption rates, applicable merchant processing fees and EPN services selected, among other items. Emdeon is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers and patients in the U.S. healthcare system. To learn more, visit our website at Emdeon Business Services LLC. All rights reserved. EMDA rev Lebanon Pike, Suite 1000 Nashville, TN USA 877.EMDEON.6 ( )

Bulletin. Please note, registration with Emdeon is not required to receive payment.

Bulletin. Please note, registration with Emdeon is not required to receive payment. Bulletin Simply Healthcare Plans 9/1/2013 SIMPLY PARTNERS WITH EMDEON ON NEW ELECTRONIC FUNDS TRANSFER AND VIRTUAL CREDIT CARD PROCESS! Simply Healthcare is committed to strengthening its relationship

More information

EMDEON PATIENT CONNECT TM

EMDEON PATIENT CONNECT TM EMDEON PATIENT CONNECT TM Patient Billing & Payment Solutions for Channel Partners Simplifying the Business of Healthcare Discover the Power of an Emdeon Partnership A seismic shift is underway. Patients

More information

EMDEON CONSUMER BILLING & PAYMENT SOLUTIONS

EMDEON CONSUMER BILLING & PAYMENT SOLUTIONS EMDEON CONSUMER BILLING & PAYMENT SOLUTIONS Collect More, Faster. With Emdeon Consumer Connect TM, our comprehensive suite of Consumer Billing & Solutions, you can start collecting more consumer payments.

More information

EMDEON PATIENT BILLING & PAYMENT SOLUTIONS

EMDEON PATIENT BILLING & PAYMENT SOLUTIONS EMDEON PATIENT BILLING & PAYMENT SOLUTIONS Simplifying the Business of Healthcare Collect More, Faster. With Emdeon Patient Connect TM, our comprehensive suite of Patient Billing & Solutions, you can start

More information

Emdeon Dental Payer Overview

Emdeon Dental Payer Overview Emdeon Dental Payer Overview 2015 Update Simplifying the Business of Healthcare Rev. 1.15 Table of Contents 1. Member Management Solutions Eligibility and Benefits (270/271) 3 Hosted Eligibility and Benefits

More information

POWERFUL CHANNEL PARTNER SOLUTIONS

POWERFUL CHANNEL PARTNER SOLUTIONS POWERFUL CHANNEL PARTNER SOLUTIONS Simplifying the Business of Healthcare ONE PARTNER CAN HELP YOU OFFER YOUR CLIENTS MORE COMPLETE REVENUE CYCLE SOLUTIONS... ENHANCE YOUR PARTNERSHIPS TABLE OF CONTENTS

More information

EMDEON PAYMENT INTEGRITY SERVICES

EMDEON PAYMENT INTEGRITY SERVICES EMDEON PAYMENT INTEGRITY SERVICES Emdeon Fraud Prevention Services Emdeon Fraud Investigative Services Emdeon Clinical Integrity for Claims Emdeon Third-Party Liability Analysis Simplifying the Business

More information

EMDEON CLINICAL SOLUTIONS

EMDEON CLINICAL SOLUTIONS EMDEON CLINICAL SOLUTIONS Meaningful Use is easy with our web-based EMR Lite and leading Health Information Exchange Simplifying the Business of Healthcare EMDEON OVERVIEW Emdeon Connecting payers, providers

More information

EMDEON REVENUE OPTIMIZATION SERVICES

EMDEON REVENUE OPTIMIZATION SERVICES EMDEON REVENUE OPTIMIZATION SERVICES TRANSFORM PREVIOUSLY WRITTEN-OFF PAYER UNDERPAYMENTS INTO REALIZED REVENUE Simplifying the Business of Healthcare Simplifying the Business of Healthcare Helping increase

More information

PAYROLL CARD FREQUENTLY ASKED QUESTIONS

PAYROLL CARD FREQUENTLY ASKED QUESTIONS The following document provides answers to frequently asked questions regarding the Umpqua Bank Payroll Card. Contact Customer Care at 800-650-7141 with questions. Card Basics Q. How does the Payroll Card

More information

Administrative Simplification Operating Rules

Administrative Simplification Operating Rules Administrative Simplification Operating Rules April 8, 2014 Geanelle Herring Policy Analyst, Administrative Simplification Group Centers for Medicare & Medicaid Services Priscilla Holland, AAP, CCM Senior

More information

Electronic funds transfer. A toolkit for navigating the ins and outs of EFT

Electronic funds transfer. A toolkit for navigating the ins and outs of EFT Electronic funds transfer A toolkit for navigating the ins and outs of EFT Introduction Want to save over $2,000* per physician annually? Use this toolkit to learn how to use electronic funds transfer

More information

Emdeon Medical Claims Processing Services. ICD-10 Frequently Asked Questions. Published Q3 2013

Emdeon Medical Claims Processing Services. ICD-10 Frequently Asked Questions. Published Q3 2013 Emdeon Medical Claims Processing Services ICD-10 Frequently Asked Questions Published Q3 2013 Preface This information is provided by Emdeon for education and awareness use only. Even though Emdeon believes

More information

Enjoy the Benefits of the Skylight PayOptions Program

Enjoy the Benefits of the Skylight PayOptions Program Enjoy the Benefits of the Skylight PayOptions Program Enjoy the Benefits of the Skylight PayOptions Program Instead of waiting in line to cash your paycheck, have your pay automatically deposited to a

More information

WISCONSIN ACCOUNTING MANUAL Department of Administration State Controller s Office

WISCONSIN ACCOUNTING MANUAL Department of Administration State Controller s Office BACKGROUND State of Wisconsin agencies accepted more than 6 million credit/debit card payments annually through the following payment channels: Point of Sale (State agency location) Point of Sale (Retail-agent

More information

EMDEON REVENUE CYCLE MANAGEMENT SOLUTIONS

EMDEON REVENUE CYCLE MANAGEMENT SOLUTIONS EMDEON REVENUE CYCLE MANAGEMENT SOLUTIONS Simplifying the Business of Healthcare Simplifying the Business of Healthcare One partner for integrated, end-to-end Revenue Cycle Solutions Managing the revenue

More information

Business Banking Switch Kit

Business Banking Switch Kit Business Banking Switch Kit A change for the better Welcome to Bremer Bank At Bremer Bank, we provide you and your business with the financial instruments that help drive your growth and success. That

More information

Bill Pay Agreement and Disclosure

Bill Pay Agreement and Disclosure Bill Pay Agreement and Disclosure INTRODUCTION This disclosure covers your and our rights and responsibilities concerning the Bill Pay Service offered by Cornerstone Financial Credit Union ( Credit Union

More information

EMDEON INTERACTIVE CARE MANAGEMENT

EMDEON INTERACTIVE CARE MANAGEMENT EMDEON INTERACTIVE CARE MANAGEMENT Innovative Care Management Strategies for Payers Simplifying the Business of Healthcare Emdeon Interactive Care Management Innovative Care Management Strategies for Payers

More information

Business Online Bill Pay Terms and Conditions

Business Online Bill Pay Terms and Conditions Business Online Bill Pay Terms and Conditions This Online Bill Pay Terms and Conditions ("Agreement") is between Customer and Spring Bank for the delivery of Business Online Bill Pay as described below:

More information

EMDEON PATIENT ACCESS SOLUTIONS AND SERVICES

EMDEON PATIENT ACCESS SOLUTIONS AND SERVICES EMDEON PATIENT ACCESS SOLUTIONS AND SERVICES Healthcare is complex. Getting paid shouldn t be. While we offer many solutions and services, they are all are designed to do just two things. Collect patient

More information

Payroll Card Position Paper July 2004

Payroll Card Position Paper July 2004 Payroll Card Position Paper July 2004 This document is and remains the proprietary information of CU Cooperative Systems, Inc. It is intended for the use of the recipient s organization only and any distribution

More information

Failure to follow the following procedures may subject the state to significant losses, including:

Failure to follow the following procedures may subject the state to significant losses, including: SUBJECT: Policy and Procedures PAGE: 1 of 5 INTRODUCTION During fiscal year 2014, State of Wisconsin agencies accepted approximately 6 million credit/debit card payments through the following payment channels:

More information

EMDEON PROFESSIONAL SOLUTIONS

EMDEON PROFESSIONAL SOLUTIONS EMDEON PROFESSIONAL SOLUTIONS The keys to simplifying physician practices Simplifying the Business of Healthcare Emdeon Connecting payers, providers and patients Emdeon provides powerful solutions that

More information

VIRTUAL CARDS: Healthcare s New Electronic Payment Revolution

VIRTUAL CARDS: Healthcare s New Electronic Payment Revolution VIRTUAL CARDS: Healthcare s New Electronic Payment Revolution Healthcare is truly an 800-pound gorilla. Accounting for approximately one-sixth of the entire U.S. economy, industry spending totals more

More information

The Webster Visa Prepaid Debit Card Frequently Asked Questions

The Webster Visa Prepaid Debit Card Frequently Asked Questions Contact Us Welcome to Webster Bank. Please contact our Card Services support line at 866.242.0861 with any questions or concerns, 24/7. Thank you for being a valued Webster Customer! The Webster Visa Prepaid

More information

Moving to E-payments, Part Two: Are Electronic Collections Right for Your Business?

Moving to E-payments, Part Two: Are Electronic Collections Right for Your Business? Moving to E-payments, Part Two: Are Electronic Collections Right for Your Business? Written by: Linda Coven Head of Online Banking and Channel Management 408.654.7308 lcoven@svb.com Susan Merrill Sr. Product

More information

Business Banking. Visit any of our convenient locations or visit us online at www.fsbank.com for more information.

Business Banking. Visit any of our convenient locations or visit us online at www.fsbank.com for more information. Business Banking We are committed to making your move to First Security quick and simple. Just follow the steps below, and you re ready to realize all the benefits of Banking Better! 1 Open a First Security

More information

Putting You and Your Business First

Putting You and Your Business First Putting You and Your Business First A guide to your new business accounts and services FirstMerit puts you and your business first. FirstMerit can make a true difference when it comes to helping you build

More information

Understanding Your Health Savings Account (HSA) Frequently Asked Questions THE BASICS. What is a Health Savings Account (HSA)?

Understanding Your Health Savings Account (HSA) Frequently Asked Questions THE BASICS. What is a Health Savings Account (HSA)? Understanding Your Health Savings Account (HSA) Frequently Asked Questions THE BASICS What is a Health Savings Account (HSA)? An HSA is a special, tax advantaged account that is owned by you and is designed

More information

Mississippi State and School Employees' Health Insurance Plan

Mississippi State and School Employees' Health Insurance Plan Mississippi State and School Employees' Health Insurance Plan Claim Status Guide to PC-Based Transactions v1.4 06.05.2007 Pub # 72539 This publication is the proprietary property of Emdeon and is furnished

More information

Payment Strategies to Maximize Cash Flow for Healthcare Providers

Payment Strategies to Maximize Cash Flow for Healthcare Providers Payment Strategies to Maximize Cash Flow for Healthcare Providers Personal banking has radically changed over the past twenty years. How often do you write a check? Many people do not even know where their

More information

Physician Health Care Provider. Quick Reference. CIGNA HealthCare 2006

Physician Health Care Provider. Quick Reference. CIGNA HealthCare 2006 & Physician Health Care Provider Quick Reference CIGNA HealthCare 2006 1 Contents Provider Value Proposition 3 Overview 4 Electronic Services 6 Working with Us 17 Contact Information 21 2 Confidential,

More information

Grow with our omni-channel payment processing technologies and merchant services.

Grow with our omni-channel payment processing technologies and merchant services. Grow with our omni-channel payment processing technologies and merchant services. Get ready for growth Payment processing solutions ecommerce mcommerce In-app payments Virtual terminal Card present EMV

More information

Emdeon s. General Enrollment FAQ. A compilation of Frequently Asked Questions related to Enrollment for EDI services via Emdeon.

Emdeon s. General Enrollment FAQ. A compilation of Frequently Asked Questions related to Enrollment for EDI services via Emdeon. Emdeon s General Enrollment FAQ A compilation of Frequently Asked Questions related to Enrollment for EDI services via Emdeon. Version 1.0 07.16.2015 Preface Preface This information is provided by Emdeon

More information

Understanding Your Health Savings Account (HSA) Frequently Asked Questions THE BASICS. What is a Health Savings Account (HSA)?

Understanding Your Health Savings Account (HSA) Frequently Asked Questions THE BASICS. What is a Health Savings Account (HSA)? Understanding Your Health Savings Account (HSA) Frequently Asked Questions THE BASICS What is a Health Savings Account (HSA)? An HSA is a special, tax advantaged account that that is owned by you and is

More information

Business Banking Switch Kit. Getting Started

Business Banking Switch Kit. Getting Started Business Banking Switch Kit We understand that switching bank accounts can be a hassle; but at Congressional Bank we make it easy. Following the steps below will make the process straightforward and trouble-free.

More information

Forever Direct Deposit

Forever Direct Deposit Forever Direct Deposit In order to expedite the delivery of profits and bonuses to Distributors registered in the USA, we offer a direct deposit service. Forever Direct Deposit is available to any Distributor

More information

Best Practices for Transitioning to ICD-10

Best Practices for Transitioning to ICD-10 Best Practices for Transitioning to ICD-10 Nearly 20 years after it was first proposed, the International Classification of Diseases, 10th Revision, Clinical Modification (ICD-10-CM) for diagnosis coding

More information

Creating a Card-Based B2B Payments Program

Creating a Card-Based B2B Payments Program A report prepared by Global Corporate Payments is published by American Express. Additional information can be found at: http://business.americanexpress.com/us/payment-services is report was prepared by

More information

YOUR GUIDE TO A HEALTH SAVINGS ACCOUNT (HSA)

YOUR GUIDE TO A HEALTH SAVINGS ACCOUNT (HSA) YOUR GUIDE TO A HEALTH SAVINGS ACCOUNT (HSA) DOES A HIGHMARK HEALTH SAVINGS ACCOUNT (HSA) MAKE SENSE FOR YOU? An HSA is a tax-advantaged savings account that s available to people whose health care coverage

More information

UW Platteville Credit Card Handling Policy

UW Platteville Credit Card Handling Policy UW Platteville Credit Card Handling Policy Issued: December 2011 Revision History: November 7, 2013; July 11, 2014; November 1, 2014; August 24, 2015 Overview: In order for UW Platteville to accept credit

More information

Participant Reference Guide

Participant Reference Guide Participant Reference Guide Welcome to FlexSystem and to the tax saving benefits of a Section 125 Cafeteria Plan. We hope you will find FlexSystem to be an efficient and valuable service. Our Participant

More information

Trends in Healthcare Payments Fifth Annual Report: 2014

Trends in Healthcare Payments Fifth Annual Report: 2014 Trends in Healthcare Payments Fifth Annual Report: 2014 Published: May 2015 consumers want to pay healthcare bills online page 23 The U.S. healthcare payments market is expected to reach an estimated $5

More information

Uneasy about getting started? Not to worry. SageLink Credit Union has trained employees to help you every step of the way.

Uneasy about getting started? Not to worry. SageLink Credit Union has trained employees to help you every step of the way. Checking If you re like most young adults, you spend a lot of time thinking about money. How to get money? What to spend your money on? Where to keep your money in between? A MoneyLink Checking account

More information

Trends in Healthcare Payments Annual Report: 2012

Trends in Healthcare Payments Annual Report: 2012 Trends in Healthcare Payments Annual Report: 2012 Published: March 2013 CONTENTS 3 Executive Summary 4 Trends in Payer Payments 7 Trends in Patient Payments 9 Provider Sentiment 12 Payer Sentiment 14 Patient

More information

ELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURE

ELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURE ATM / MasterMoney / CHIPS Langley Link / Bill Pay / Electronic Services ELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURE This Electronic Funds Transfer Agreement is the contract which covers your and

More information

Emdeon Paper-to-EDI Conversion ICD-10 Frequently Asked Questions. Published Q3 2013

Emdeon Paper-to-EDI Conversion ICD-10 Frequently Asked Questions. Published Q3 2013 Emdeon Paper-to-EDI Conversion ICD-10 Frequently Asked Questions Published Q3 2013 Preface This information is provided by Emdeon for education and awareness use only. Even though Emdeon believes that

More information

Data Strategies, Inc.

Data Strategies, Inc. Debit and Credit Cards Save Time by Accepting Debit and Credit Cards with MDsuite! How it works: 1. Click the Credit Card button available in Quick Pay and Post Patient Payments. 2. Swipe the debit/credit

More information

ELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE

ELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE ELECTRONIC FUND TRANSFERS AGREEMENT AND DISCLOSURE This Electronic Fund Transfers Agreement and Disclosure is the contract which covers your and our rights and responsibilities concerning the electronic

More information

Products Currency Supply Chain Management

Products Currency Supply Chain Management Products Currency Supply Chain Management Today s Enterprises Need Intelligent and Integrated Solutions to Optimize Currency Levels, Reduce Expenses and Improve Control Products The financial services

More information

Dental Office s Guide to Merchant Payment Processing

Dental Office s Guide to Merchant Payment Processing DJR DENTAL CONSULTING PRESENTS Dental Office s Guide to Merchant Payment Processing Office: 905-309-3910 Cell: 905-577-5252 drajczak@aol.com www.djrconsulting.ca DENTAL OFFICE S GUIDE TO MERCHANT PAYMENT

More information

Euronet Software Solutions ATM Management System Maintain and Expand Your Automated Service Offerings with a Secure, Flexible and Powerful Solution

Euronet Software Solutions ATM Management System Maintain and Expand Your Automated Service Offerings with a Secure, Flexible and Powerful Solution Secure Financial Transactions Any Time, Any Place Euronet Software Solutions ATM Management System Maintain and Expand Your Automated Service Offerings with a Secure, Flexible and Powerful Solution Serving

More information

FAQ s for Payment Card Processing at the University

FAQ s for Payment Card Processing at the University FAQ s for Payment Card Processing at the University 1) We are thinking about taking credit cards for payments. What do we need to know? 2) Who is the PCPC (Payment Card Process Coordinator)? 3) What is

More information

Frontier State Bank ELECTRONIC FUNDS TRANSFER

Frontier State Bank ELECTRONIC FUNDS TRANSFER Frontier State Bank ELECTRONIC FUNDS TRANSFER YOUR DEISCLOSURE STATEMENT AND AGREEMENT FOR TRANSFUND CARD, DEBIT CARD AND OTHER ELECTRONIC FUND TRANSFER SERVICES This is a Disclosure Statement and Agreement

More information

Bank Reconciliation. MaddenCo Inc. Revised October, 2015. Copyright 2015 by MaddenCo, Inc All rights reserved.

Bank Reconciliation. MaddenCo Inc. Revised October, 2015. Copyright 2015 by MaddenCo, Inc All rights reserved. Bank Reconciliation MaddenCo Inc. Revised October, 2015 Copyright 2015 by MaddenCo, Inc All rights reserved. 1 Please understand that MaddenCo has expended substantial sums in developing and maintaining

More information

Turning Receivables Operations Green. Best Practices. Commercial Banking

Turning Receivables Operations Green. Best Practices. Commercial Banking Turning Receivables Operations Green Best Practices Commercial Banking In a recent survey*, 79% of financial executives say shifting to a completely green treasury operation should result in increased

More information

Broker Registration Guide for TrustFunds Authentication A- B- C Registration Steps 1-2- 3-4

Broker Registration Guide for TrustFunds Authentication A- B- C Registration Steps 1-2- 3-4 Broker Registration Guide for TrustFunds Authentication A- B- C Registration Steps 1-2- 3-4 Broker Authentication 1. From the TrustFunds website homepage, click Get Started Now to begin your Authentication

More information

OVERVIEW DATA SHEET. MedAct Overview Data Sheet

OVERVIEW DATA SHEET. MedAct Overview Data Sheet MedAct Overview Data Sheet MedAct delivers an integrated solution for your HME/DMEPOS that provides end-to-end coverage of all your business needs. From patient intake and purchasing to inventory management,

More information

Managing your checking account.

Managing your checking account. We re here for you We hope you have found this guide helpful. In the future, anytime you have a question about your account, visit a Webster branch or call us. You can rely on Webster for whatever assistance

More information

Popmoney FAQs. Send money to anyone using their email address, mobile number, or account information.

Popmoney FAQs. Send money to anyone using their email address, mobile number, or account information. Popmoney FAQs Frequently Asked Questions during Registration 1. What is Popmoney? Popmoney is an innovative personal payment service offered by leading financial institutions that eliminates the hassles

More information

Checking Accounts. Open, Manage, and Reconcile

Checking Accounts. Open, Manage, and Reconcile Checking Accounts Open, Manage, and Reconcile 1. What is a checking account? A checking account is opened at a bank or other financial institution. Banks offer several different types of checking accounts.

More information

Freedom Checking A Guide to Freedom Checking Fees

Freedom Checking A Guide to Freedom Checking Fees Monthly Service Fee Monthly Service Fee: Easy Ways to Avoid the Monthly Service Charge: $8 for accounts with e-statements $10 for accounts with paper statements Maintain a monthly minimum balance of $1,000

More information

Frequently Asked Questions on the Benny Prepaid Benefits Card

Frequently Asked Questions on the Benny Prepaid Benefits Card Frequently Asked Questions on the Benny Prepaid Benefits Card General Questions on the Benny Prepaid Benefits Card 1. Why did I receive the Benny Prepaid Benefits Card? As a participant in a medical reimbursement

More information

Sage 401(k) plan conversion to Empower FAQ

Sage 401(k) plan conversion to Empower FAQ Sage 401(k) plan conversion to Empower FAQ When 401(k) providers change Why change providers? As part of our ongoing fiduciary responsibilities, we conduct regular portfolio reviews, monitor and evaluate

More information

Conversion at a Glance. Important Dates and Information. Legend

Conversion at a Glance. Important Dates and Information. Legend Conversion at a Glance Midland States Bank will be converting Heartland Bank accounts over the April 17 weekend. After the close of business on Friday, April 17, your accounts held at Heartland Bank will

More information

MasterCard Special Edition

MasterCard Special Edition 2015 An Empower Federal Credit Union publication. MasterCard Special Edition Important details about our MasterCard conversion. Message From The President John Wakefield President/CEO Why MasterCard? For

More information

US Bank Script. Slide 1

US Bank Script. Slide 1 US Bank Script Slide 1 Good morning, and welcome to the State of Kansas HSA enrollment presentation with U.S. Bank. Today, we are going to talk about the HSA, how it works, and next steps to prepare you

More information

The Bank of Choice for Small Business

The Bank of Choice for Small Business The Bank of Choice for Small Business Business Banking Switch Kit Welcome to Brentwood Bank At Brentwood Bank, we provide you and your business with the financial tools and services that help drive your

More information

BUSINESS GUIDE. Online Payment Processing. What You Need to Know

BUSINESS GUIDE. Online Payment Processing. What You Need to Know Online Payment Processing What You Need to Know CONTENTS + Introduction 3 + Online Payment Processing Basics 4 + The Payment Processing Network 4 + How Payment Processing Works 5 + What You Should Know

More information

Frequently Asked Questions for HSAs (Health Savings Accounts)

Frequently Asked Questions for HSAs (Health Savings Accounts) Frequently Asked Questions for HSAs (Health Savings Accounts) (Rev July 2015) HOW A HEALTH SAVINGS ACCOUNT (HSA) WORKS Q: What is an HSA and how does it work? A: If you elect the PPO Plus HSA Plan (new

More information

PEOPLESOFT EXPENSES & MOBILE EXPENSES

PEOPLESOFT EXPENSES & MOBILE EXPENSES PEOPLESOFT EXPENSES & MOBILE EXPENSES Oracle s PeopleSoft Expenses is a comprehensive travel expense solution, which streamlines and automates travel spend KEY FEATURES Best practices in expense Mobile

More information

Frequently Asked Questions Regarding Middlebury College FSA Benefits Card

Frequently Asked Questions Regarding Middlebury College FSA Benefits Card Glossary of Terms: Frequently Asked Questions Regarding Middlebury College FSA Benefits Card Co-Insurance the percentage of covered expenses paid by Middlebury College s Health and Dental plans and the

More information

Complex Payments. By Bob Murphy

Complex Payments. By Bob Murphy Complex Payments Financial institutions and businesses are faced with a complex world when it comes to managing payments. To thrive, each entity must manage a multitude of variables, as we will operate

More information

Request for Proposals

Request for Proposals Will County Treasurer Request for Proposals Merchant Services, ACH, and Online Bill Payment Brian S. McDaniel 3/5/2014 Introduction General Rules The Will County Treasurer will consider proposals from

More information

ELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURE

ELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURE ELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURE This Electronic Funds Transfer Agreement is the contract which covers your and our rights and responsibilities concerning the electronic funds transfer

More information

Credit vs. Debit: The Network Perspective

Credit vs. Debit: The Network Perspective July 25, 2010 Credit vs. Debit: The Network Perspective Richard Santoro, Vice President, Government Affairs MasterCard Worldwide 1 Overview Origins of Payment Cards Four-Party Payment System Model Anatomy

More information

Trends and Best Practices in Electronic Payments

Trends and Best Practices in Electronic Payments Trends and Best Practices in Electronic Payments Trends and Best Practices in Electronic Payments Over the last year, we have seen a fundamental paradigm shift in the strategies and priorities of our

More information

and Franchise Packet Payment Processing Overview

and Franchise Packet Payment Processing Overview and Franchise Packet Payment Processing Overview Welcome Dear Marco s Pizza Franchisee, You have many choices of payment processing service providers. How do you choose the one you can trust with such

More information

Account Switch Kit. Changing Business Accounts Made Easy

Account Switch Kit. Changing Business Accounts Made Easy Account Switch Kit BofI Federal Bank has everything you need to switch your accounts today. Just follow the simple steps included in this kit to relieve the usual hassle of switching banks. Changing Business

More information

Make a difference in your local or national community!

Make a difference in your local or national community! We are passionate about giving back to our community with socially responsible commerce that enables businesses to start or expand their charitable giving without interruption or cost CHARITY SuitePay

More information

Online Bill Pay Agreement TERMS AND CONDITIONS OF THE BILL PAYMENT SERVICE

Online Bill Pay Agreement TERMS AND CONDITIONS OF THE BILL PAYMENT SERVICE Online Bill Pay Agreement TERMS AND CONDITIONS OF THE BILL PAYMENT SERVICE SERVICE DEFINITIONS "Service" means the Bill Payment Service offered by BankFinancial F.S.B. "Agreement" means these Terms and

More information

TERMS AND CONDITIONS OF THE BUSINESS BILL PAYMENT SERVICE

TERMS AND CONDITIONS OF THE BUSINESS BILL PAYMENT SERVICE TERMS AND CONDITIONS OF THE BUSINESS BILL PAYMENT SERVICE SERVICE DEFINITIONS "Service" means the bill payment service offered by Online BizPay through Bank Mutual. "Agreement" means these terms and conditions

More information

Solutions Payments Network

Solutions Payments Network Solutions Payments Network Improve Your Bottom Line and Enhance the Consumer Experience with Accelerated Real-Time Payments and Funds Access Solutions Solutions In this always-on digital world, consumers

More information

Product. Opencheck A Comprehensive Check Payments Solution to Meet the Demands of Financial Institutions in Today s Automated Environment

Product. Opencheck A Comprehensive Check Payments Solution to Meet the Demands of Financial Institutions in Today s Automated Environment Product Opencheck A Comprehensive Check Payments Solution to Meet the Demands of Financial Institutions in Today s Automated Environment Product As acceptance of electronic payment channels expands, your

More information

Commercial Switch Kit

Commercial Switch Kit Commercial Switch Kit Our goal at Capstone Bank is to help our customers achieve their dreams. We know that your time is valuable, and we are happy to offer this Switch Kit to make your transition to banking

More information

What options does Besser Credit Union offer for Overdraft Protection? How is my Share (savings) account used as Overdraft Protection?

What options does Besser Credit Union offer for Overdraft Protection? How is my Share (savings) account used as Overdraft Protection? BESSER CREDIT UNION OPT-IN Notice Overdraft Protection FAQ s By now, you ve probably heard about the new Overdraft Protection rules that will be effective on July 1, 2010. To help you decide if you would

More information

Guidelines for Accepting Credit Cards as a Form of Payment for Education, Registration and Other Fees

Guidelines for Accepting Credit Cards as a Form of Payment for Education, Registration and Other Fees Guidelines for Accepting Credit Cards as a Form of Payment for Education, Registration and Other Fees Background Over the past few years, the use of credit cards as a payment option for purchasing goods

More information

ELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURE

ELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURE ELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURE This Electronic Funds Transfer Agreement is the contract which covers your and our rights and responsibilities concerning the electronic funds transfer

More information

CRM4M Accounting Set Up and Miscellaneous Accounting Guide Rev. 10/17/2008 rb

CRM4M Accounting Set Up and Miscellaneous Accounting Guide Rev. 10/17/2008 rb CRM4M Accounting Set Up and Miscellaneous Accounting Guide Rev. 10/17/2008 rb Topic Page Chart of Accounts 3 Creating a Batch Manually 8 Closing a Batch Manually 11 Cancellation Fees 17 Check Refunds 19

More information

SELF-SERVICE PHOTOCOPYING & CASHLESS PAYMENT IN A LIBRARY ENVIRONMENT

SELF-SERVICE PHOTOCOPYING & CASHLESS PAYMENT IN A LIBRARY ENVIRONMENT JAMEX, INC. The industry leader in quality office machine vending products SELF-SERVICE PHOTOCOPYING & CASHLESS PAYMENT IN A LIBRARY ENVIRONMENT 2 4 1 5 N Tr i p h a m m e r R d, I t h a c a, N Y 1 4 8

More information

u.s. bank focus card Frequently Asked Questions The Focus Card What is the Focus Card? How does the Focus Card work?

u.s. bank focus card Frequently Asked Questions The Focus Card What is the Focus Card? How does the Focus Card work? Frequently Asked Questions What is the Focus Card? The Focus Card is a reloadable, prepaid debit card issued by U.S. Bank. It provides an electronic option for receiving your pay. It is not a credit card,

More information

Solutions. Payments Network Enhance Consumer Loyalty, Increase Revenue and Improve Your Competitive Edge With Real-Time Payments Solutions

Solutions. Payments Network Enhance Consumer Loyalty, Increase Revenue and Improve Your Competitive Edge With Real-Time Payments Solutions Solutions Payments Network Enhance Consumer Loyalty, Increase Revenue and Improve Your Competitive Edge With Real-Time Payments Solutions Solutions Meet the demands of consumers who expect to make payments

More information

Emdeon FVT Paper-to-EDI Conversion ICD-10 Frequently Asked Questions. Published Q2 2014

Emdeon FVT Paper-to-EDI Conversion ICD-10 Frequently Asked Questions. Published Q2 2014 Emdeon FVT Paper-to-EDI Conversion ICD-10 Frequently Asked Questions Published Q2 2014 Preface This information is provided by Emdeon for education and awareness use only. Even though Emdeon believes that

More information

ELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURE

ELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURE ELECTRONIC FUNDS TRANSFER AGREEMENT AND DISCLOSURE This Electronic Funds Transfer Agreement is the contract which covers your and our rights and responsibilities concerning the electronic funds transfer

More information

The following information was prepared to assist you in understanding potential Electronic Value Transfer terminology.

The following information was prepared to assist you in understanding potential Electronic Value Transfer terminology. ELECTRONIC VALUE TRANSFER CONTRACT (EVT) GLOSSARY OF TERMS The following information was prepared to assist you in understanding potential terminology. Term Description ACH Automated Clearing House is

More information

Health Savings Account (HSA)

Health Savings Account (HSA) Tax-Advantaged Accounts Health Savings Account (HSA) September 16, 2015 State of Tennessee, Higher Ed s University of TN and The Board of Regents Today s presentation will cover: Health Savings Account

More information

Oklahoma MasterCard Debit Card. SMART for You. Foster Care Program. Smart for Who? Smart for You. Oklahoma MasterCard Debit Card

Oklahoma MasterCard Debit Card. SMART for You. Foster Care Program. Smart for Who? Smart for You. Oklahoma MasterCard Debit Card Oklahoma MasterCard Debit Card SMART for You Foster Care Program Smart for Who? Smart for You. Oklahoma MasterCard Debit Card Frequently Asked Questions about the Oklahoma Department of Human Services

More information

Need to pay the babysitter? Popmoney! Pay your friend for concert tickets? Popmoney! Pay your rent? Popmoney!

Need to pay the babysitter? Popmoney! Pay your friend for concert tickets? Popmoney! Pay your rent? Popmoney! Popmoney Popmoney is an innovative personal payment service that allows you to send and receive electronic payments, eliminating the hassles of checks and cash. Now, sending and receiving money is as easy

More information

Treasury Management. WellsOne Commercial Card

Treasury Management. WellsOne Commercial Card Treasury Management WellsOne Commercial Card $182,000 Average value a company can generate for every $1 million in spending converted to commercial cards, through reduced processing costs, increased discounts,

More information