Lighthouse1 Teams With First Data and UMB Healthcare Services to Launch Innovative Health Payments Program; Robust Real-Time He
September 06 2006 - 7:00AM
Business Wire
Lighthouse1, a leading provider of consumer driven healthcare (CDH)
administration software solutions, announced today it has signed an
agreement with First Data Healthcare Services, part of First Data
Corp. (NYSE:FDC), a leading provider of electronic commerce and
payment solutions. First Data will deliver a debit card and robust
transaction processing services for subscribers using Lighthouse1's
healthcare programs. First Data will provide healthcare card
services, including a state-of-the-art transaction card processing
solution that offers a convenient and secure vehicle for members to
access their fund contributions at the point of care. UMB
Healthcare Services, division of UMB Financial Corporation (NASDAQ:
UMBF) will work with First Data to support debit card access,
investment programs and transaction processing. "After seeing the
power of First Data's payment systems, we knew that once integrated
into Lighthouse1 OnDemand(TM), our clients could provide the most
flexible, competitive benefit programs in the market," said Jeff
Fritz, chief executive officer and president of Lighthouse1.
"Additionally, First Data's experience with processing for UMB
provides our clients with the ability to select a program that
meets their goals." Lighthouse1 OnDemand(TM) delivers automated
management of employer benefits plans such as Flexible Spending
Accounts (FSA), Health Reimbursement Arrangements (HRA) and Health
Savings Accounts (HSA). The debit cards processed with First Data
provide for industry leading auto-substantiation rates, including
real-time pharmacy benefit management, co-pay and over-the-counter
substantiation, saving healthcare administrative costs by reducing
the need for paperwork. "With the continued rise in
consumer-centric healthcare, benefit administrators are looking for
solutions that allow patients and providers real-time access to
more information at the point of care," said Beverly Kennedy,
president, First Data Healthcare Services. "With the single swipe
of a card, First Data provides access to hundreds of healthcare
plan designs managed on Lighthouse1 OnDemand(TM)." UMB Healthcare
Services has a long history in healthcare offering healthcare
accounts and flexible spending cards. "UMB is pleased to play an
integral role in this innovative health payments program," said
Dennis Triplett, president of UMB Healthcare Services." Lighthouse1
and First Data are leaders in the healthcare industry and we're
happy to partner with such progressive companies that are focused
on providing solutions for the industry's healthcare benefit
administrators." The long-term agreement is effective immediately.
Terms of the agreement were not disclosed. About Lighthouse1
Lighthouse1 delivers consumer driven healthcare (CDH)
administration software solutions including Lighthouse1
OnDemand(TM), the high performance Software as a Service (SaaS)
solution, to resolve challenges in the administration of Section
125, 105, 132 and other pre-tax spending programs in the healthcare
and employee benefits industry. Its mission is to use the latest
technology and services to assist and support CDH administrators in
the management of health care account services. Lighthouse1
OnDemand(TM) allows third-party administrators and healthcare
providers to manage services for employer plans that include
Flexible Spending Accounts (Medical and Dependent Care), Transit
and Parking, Health Reimbursement Arrangements and Health Saving
Accounts. More information is available at www.lighthouse1.com.
About First Data First Data Healthcare Services offers a
multi-purpose card that provides access to HSA, HRA, and FSA
accounts and line of credit, along with eligibility, benefit, and
claims data, through a powerful point-of-care network. First Data
Corp. (NYSE: FDC) is a leading provider of electronic commerce and
payment solutions for businesses and consumers worldwide. Serving
4.6 million merchant locations, 1,700 card issuers and millions of
consumers, First Data powers the global economy by making it easy,
fast and secure for people and businesses around the world to buy
goods and services using virtually any form of payment. The
company's portfolio of services and solutions includes credit,
debit, private-label, gift and other prepaid card issuing and
merchant transaction processing services; money transfer services;
money orders; fraud protection and authentication solutions; check
guarantee and verification services through TeleCheck; as well as
Internet commerce and mobile solutions. Western Union, together
with its affiliates Orlandi Valuta and Vigo, are leaders in global
money transfer, providing people with fast, reliable and convenient
ways to send money around the world, pay bills and purchase money
orders through a network of over 270,000 agent locations in more
than 200 countries and territories. The company's STAR Network
offers PIN-secured debit acceptance at 1.9 million ATM and retail
locations. For more information, visit www.firstdata.com. About UMB
UMB Financial Corporation (NASDQ:UMBF) is a multi-bank holding
company headquartered in Kansas City, Mo., offering complete
banking and related financial services to both individual and
business customers nationwide. Its banking subsidiaries own and
operate 140 banking centers throughout Missouri, Illinois,
Colorado, Kansas, Oklahoma, Nebraska and Arizona. Subsidiaries of
the holding company and the lead bank, UMB Bank, n.a., include an
investment services group based in Milwaukee, Wisconsin, a trust
management company in South Dakota, and single-purpose companies
that deal with brokerage services, consulting services and
insurance. UMB was named one of Business Week's "Web Smart 50"
companies in 2005.
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