TITLE

Pitching Benefit Management for Multiple Accounts

AUTHOR(S)
Breitkopf, David
PUB. DATE
November 2005
SOURCE
American Banker;11/17/2005, Vol. 170 Issue 221, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports on FSV Payment Systems Inc. developing a card that can be used to access multiple types of medical and government benefit accounts. FSV's infinite purse technology program uses a traditional magnetic-stripe card that is linked to several customer accounts, and when one account is depleted, payments are automatically shifted to another. Jonathan Palmer, FSV's president and CEO, said that it could be used for independent care, transportation accounts, merchant loyalty programs, disaster relief programs, and payroll. The initial uses for FSV's card are all in health care because corporate customers the market for it already exists.
ACCESSION #
18895888

 

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