Bluefin, a leader in PCI-validated encryption and tokenization technologies that protect payments and sensitive data, announced that the PayConex Omnichannel Gateway has expanded the processing of Flexible Spending Account (FSA) and Health Savings Account (HSA) payments across multiple payment processors including Elavon, Fiserv, Chase and WorldPay.
PCI-validated point-to-point encryption (P2PE) reduces a customer’s PCI DSS compliance burden by more than 70% and PCI control scope reduction at the point-of-sale environment by more than 90%. The PayConex solution is fully compliant with the Special Interest Group for IIAS Standards (SIGIS) for acceptance of health benefit card payment transactions in accordance with government regulations.
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According to Kevin Sisler, Director of Treasury Services at University of Kentucky, “Bluefin has been a partner that has always helped us evolve our payments strategy, and the flexibility to add additional FSA/HSA processing support is important to better serve the University employees and UK Healthcare patients.”
“Many healthcare organizations look to Bluefin to protect their healthcare credit card payments and patient data through our PCI-validated P2PE and tokenization solutions,” said Tim Barnett, Chief Information Officer. “By expanding FSA and HSA card payments across multiple processors, Bluefin is able to meet the needs of healthcare organizations that are seeking the flexibility and efficiencies that a multi-processor approach can deliver.”
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In addition to processing healthcare payments through PayConex, Bluefin also processes real-time credit card and bank ACH payments through MyChart powered by Epic. With Bluefin’s direct integration, healthcare organizations can accept payments quickly and securely through MyChart without keeping card information exposed and reducing their PCI scope.
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