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TSYS Acquiring Solutions Signs Processing Agreement with mPay Gateway.


LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States.  & TEMPE, Ariz. -- TSYS TSYS Total System Services, Inc.  Acquiring Solutions(SM), the pre-eminent supplier of acquiring solutions, related systems and integrated support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services  to the acquiring industry, announced today, at the Electronic Transactions Association (ETA) Annual Meeting and Expo in Las Vegas, that it has signed a merchant-processing service agreement with mPay Gateway.

mPay Gateway, based in Minneapolis, Minnesota “Minneapolis” redirects here. For other uses, see Minneapolis (disambiguation).
Minneapolis (pronounced IPA: /ˌmɪniˈæpəlɪs/) is the largest city in the U.S.
, provides web-based management software to health care providers. This software enables providers to secure payment from patients at the point of service who have deductibles under Consumer Driven Health Care (CDHC CDHC Consumer Driven Health Care
CDHC Community Dental Health Certificate
) plans.

"Health care providers need a single-source solution that will work for all patients regardless of payer affiliation," says Mark Tierney, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of mPay Gateway. "mPay provides a POS (1) See point of sale and packet over SONET.

(2) "Parent over shoulder." See digispeak.

POS - point of sale
 terminal that allows providers to submit a claim for real time settlement whenever possible, and for a delayed settlement delayed settlement

The transfer of a security or cash at a date beyond the usual settlement date. A seller may prefer delayed settlement in order to be listed on a firm's books on the record date for a dividend.
 when necessary. Today providers do not have that capability. mPay changes all of that with its software and business processes allowing the provider to identify the patient responsibility early in the revenue cycle. Working with TSYS Acquiring Solutions, mPay then allows this patient collection to occur at the point of service. Estimates indicate that these new CDHC payment transactions represent $3.4 billion in annual revenue opportunity to the financial service companies that can capture them."

"We are pleased to partner with mPay Gateway to help them deliver a complete health care card processing solution," said Robert J. Philbin, president of TSYS Acquiring Solutions. "As CDHC continues to grow, we look forward to supporting mPay Gateway's efforts by providing secure and reliable support for their financial transactions."

The multi-year agreement was executed last month. Financial terms of the agreement were not disclosed.

About TSYS Acquiring Solutions

TSYS Acquiring Solutions is the pre-eminent supplier of acquiring solutions, related systems and integrated support services to the acquiring industry and its customers. TSYS Acquiring Solutions delivers comprehensive solutions and support that securely and reliably process billions of credit and debit transactions every year. From authorization and capture services to the clearing and settling of merchant transactions, critical customer support functions and information management services, TSYS Acquiring Solutions helps acquirers effectively manage and grow their merchant portfolios. TSYS Acquiring Solutions is a wholly owned TSYS([R])(NYSE NYSE

See: New York Stock Exchange
:TSS See ITU. ) subsidiary. Additional information about TSYS Acquiring Solutions can be found at www.tsysacquiring.com.

About mPay Gateway

mPay Gateway is a business process software company which specializes in developing electronic payment solutions for the health care environment. It specifically focuses on card transaction payments between providers and patients. mPay Gateway provides the health care service sector, including hospitals and physicians, with business process software for patient responsibility payment transactions. The application includes a POS encounter estimator and terminal to process a co-payment, submit a claim for real time adjudication The legal process of resolving a dispute. The formal giving or pronouncing of a judgment or decree in a court proceeding; also the judgment or decision given. The entry of a decree by a court in respect to the parties in a case. , and place an extended hold on an estimated authorization in the absence of real-time payer adjudication.

mPay Gateway is also a PCI-certified issuing card processor delivering multi-purse bankcard solutions and web-based tool sets to banks and health plans/TPAs. mPay's technology enables full and seamless integration between the purses on the card, insures appropriate use of those purses and provides real-time account balances.

mPay Gateway is committed to delivering integrated and comprehensive payment management software to providers, hospitals, health plans, TPAs, and banks that gives them more control, enabling them to reduce costs, drive operational efficiencies, and easily introduce these tools sets into their current systems.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 19, 2007
Words:564
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