Bluefin, Waystar Team on Healthcare Payment Security

Integrated payments company Bluefin will team with healthcare pay software provider Waystar to add more encryption and gateway service to allow ways to pay with more security, a report said Tuesday (July 12).

There’s been more healthcare data breaches since 2021, when they hit an all-time high — a tripling of the amount since 2018.

The amount of fraud has impacted 45 million patients — and because of that, the healthcare organizations have been more focused on security.

The new Bluefin and Waystar team up will add more integrated pay processing with PCI-validated P2PE via Waystar’s healthcare payment processing. This will reportedly add better data security for every point of the patient financial experience — including patient access and key revenue areas like central business offices.

The report noted that the Bluefin solutions will automatically encrypt payment data upon tap, dip, swipe or key entry on the right kind of device.

“We have always been committed to safeguarding the privacy of payment information for providers and patients,” said Matt Hawkins, CEO of Waystar. “When data and payments are secure, providers are able to focus on what matters most – caring for their patients and communities.”

Meanwhile, Bluefin CEO John M. Perry said the industry was seeing a new need for payment protection, amid more security breaches and ransomware attacks.

“Our PayConex gateway ensures that all payments across Waystar’s platforms are backed by the gold standard of payment security, PCI-validated P2PE. We applaud Waystar for leading healthcare payment cybersecurity and implementing this solution to secure the data of providers and their patients,” he said in the report.

See more: PAAY Partners With Bluefin To Further Secure eCommerce Transactions

PYMNTS wrote in 2020 that Bluefin had teamed with PAAY, a New York mobile pay processor, to advance eCommerce security.

The solution, according to Bluefin co-founder Ruston Miles, was hoped to be a “silver bullet” for payment security for eCommerce transactions.

Miles said PAAY would help add strong authentication for the front door, while Bluefin encrypted and tokenized the data at the point of interaction.