- Briefing Room
- Consumer Engagement
- Commerce 3.0
TSYS Healthcare announced today that Mark O’Leary, senior vice president of business development, will speak about payments fraud at the Managed Healthcare Business Forum. Joining Mr. O'Leary will be Jill Kelly, senior vice president for the Healthcare division at The Bancorp Bank, one of the top six Health Savings Account (HSA) providers in the nation.
O’Leary and Kelly will discuss how advances in payment technology — including the structure, tools, technology and standardization of payment cards — allow participants to authorize and confirm a payment in seconds while mitigating fraud from the beginning of the transaction. The speakers will provide real-time examples of the importance and benefits of credit decisioning and fraud monitoring, along with what steps are involved and how the process works. Examples will explore the potential savings in time and loss prevention, with a review of the action steps required to reduce fraud risk in healthcare payments.
The Managed Healthcare Business Forum will take place at the Gaylord National Resort and Convention Center in Washington, DC, February 24-26. The forum will convene commercial health plan executives, providers and policy leaders throughout more than 45 sessions to address strategies for thriving in a period of economic and regulatory flux.
About The Bancorp Bank
The Bancorp Bank is a publicly held (NASDAQ NM: TBBK), FDIC insured financial services provider that specializes in delivering integrated financial solutions within the healthcare industry. The Bancorp Bank is founded on the principles and knowledge of its people – a team that shares 140+ years in banking and technology experience. As an industry leader, today we serve more than 192,000 Health Savings Accounts with $277 million in deposits. We offer a competitive HSA product that is convenient to use and manage with a variety of features. A Health Savings Account can be a valuable tool to help consumers save money for family medical expenses. There are no application or account set-up fees, free HSA Visa Check Cards for easy account access, free order of checks, full online account access to monitor savings and expenses, investment and interest earning opportunities, and round-the-clock service, seven days a week. For more information about The Bancorp Bank HSA go to www.thebancorpbankhsa.com or visit The Bancorp Bank website at www.Thebancorp.com.
About TSYS Healthcare
TSYS Healthcare, based in Minneapolis, Minn., was created as a division of TSYS (NYSE: TSS) in 2007 to provide end-to-end solutions tailored to the emerging market of consumer-directed healthcare. TSYS Healthcare is a founding member of the Special Interest Group for IIAS Standards (SIGIS), formed in 2007 to enable real-time, auto-substantiation for eligible medical items purchased with a FSA/HRA payment card. The division provides financial institutions, insurers, participants and third-party administrators (TPAs) with the expertise and support to navigate all aspects of health savings accounts (HSAs), health reimbursement arrangements (HRAs), flexible spending accounts (FSAs) and lines of credit. Its new processing model enables consumers to use a single card to access their healthcare dollars. For more information, visit www.tsys.com/solutions/healthcare.