Payments News

On The Web

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Deals

BofA Acquires Health-Care Tech Startup Axia in Payments Push

“Bank of America Corp. acquired the health-care technology company Axia Technologies Inc. as the financial giant continues to build out its products for helping merchants take payments. The deal for the startup, which does business as AxiaMed, comes on the heels of the bank’s decision to dissolve its merchant-services joint venture in favor of building […]
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Deals

Health-Care Billing Tech Firm Cedar Cares Valued at $3.2 Billion

“Health-care billing technology provider Cedar Cares Inc. said it has raised financing that values it at $3.2 billion, more than four times its value in a funding round last year. The $200 million investment was led by Tiger Global Management , with participation from Andreessen Horowitz , Thrive Capital and Concord Health Partners . Cedar’s […]
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Deals

JPMorgan to Acquire Healthcare Payments Company InstaMed

“JPMorgan Chase & Co said Friday it is acquiring InstaMed, a U.S. healthcare payments technology company. The deal gives JPMorgan the chance to add a new, niche business sector to its wholesale payments business, which the bank has steadily expanded in recent years.”

On The Wires

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Deals

WEX Signs Definitive Agreement to Acquire Benefitexpress

“WEX (NYSE: WEX), a leading financial technology service provider (the “Company”), today announced the signing of an agreement to acquire benefitexpress, a leading provider of highly configurable, cloud-based benefits administration technologies and services. benefitexpress significantly expands WEX’s offerings in benefits administration by adding a complementary suite of solutions to WEX’s Health offerings, including employee enrollment […]
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Companies

B.well and Mastercard Partner to Give Consumers Secure, Mobile Control Over Their Digital Health Information

“b.well Connected Health today announced a partnership with Mastercard to provide individuals a simpler and more secure way to prove their identity online and in-person when accessing healthcare services.  The b.well platform brings together patient data across providers, insurers, pharmacies, and a patient’s own apps and devices, so people can share their information, manage their […]
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Use

I2c and SmartHealth PayCard Deliver First of Its Kind Credit Card to Help U.S. Consumers Better Manage Healthcare Costs

“i2c Inc. , a leading provider of payment and open banking technology, today announced its partnership with SmartHealth PayCard , a leading FinTech pioneer committed to changing the culture of healthcare payments. Enabled with the agile processing of i2c, SmartHealth PayCard provides the first credit card dedicated solely to healthcare, making it easier for consumers […]
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Use

Mastercard Launches Integrated Product Suite to Optimize Healthcare Partner Technology

“Bringing its scale and advanced technology to healthcare, Mastercard is transforming its business by moving beyond cards and reimagining how its technology and capabilities can benefit the healthcare ecosystem. These solutions build upon Mastercard’s established role in healthcare – helping businesses provide their employees with convenient, reliable access to healthcare funds through Mastercard-branded Flexible Spending […]
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Deals

Zelis and RedCard to Combine in Landmark Healthcare Technology and Payments Transaction

“Zelis Healthcare  and RedCard Systems today announced a definitive agreement to merge their respective organizations, forming the next generation leader in healthcare payments optimization. The combination of Zelis and RedCard will create the healthcare industry’s first payments optimization platform with market-leading technology and solutions to price claims, pay claims and explain claims, all at enterprise […]