New EMV-compliant solution reduces fraud liability and increases patient payment security
Franklin, Tenn., 24-6-2015 — /EuropaWire/ — In an effort to help healthcare providers comply with upcoming fraud-liability standards and protect their patients, Experian Health today announced it has joined forces with AxiaMed and Ingenico Group to deliver a new solution that enables fast, efficient and secure customer payment transactions. The EMV-compliant device allows hospitals and medical providers to protect patient financial information as well as reduce their liability should a fraudulent transaction occur.
“As many in the healthcare industry are aware, the Oct. 1 deadline for organizations to implement EMV devices is fast approaching,” said Scott Bagwell, president of Experian Health. “As such, we’ve teamed with AxiaMed and Ingenico Group, two leaders in the patient payment space, to provide hospitals and medical organizations with an EMV-ready terminal that is tamper-resistant and delivers secure data transmission.”
Through this collaborative effort, users will have access to an EMV-ready card acceptance device that meets security standards as well as serves as a flexible transaction terminal that can accept all existing forms of electronic payment, including credit and debit, contactless systems and stored-value cards. Furthermore, by leveraging AxiaMed’s unique technology, users will have a single point of contact for questions about reconciliation, transaction lookup, and hardware fulfilment and support.
“We’re committed to providing healthcare organizations with the most up-to-date payment technology that is both flexible and secure, and we feel Experian Health and Ingenico Group share that vision,” said Kevin Kidd, president of AxiaMed. “By leveraging the combined expertise of the three companies, we’re able to help hospitals and other healthcare providers protect their patients from potential credit card fraud.”
“U.S. consumers want options when it comes to payments, such as the NFC-enabled Apple Pay and Android Pay mobile wallets, and the transition to EMV is already well underway” said Rod Hometh, Senior Vice President, Strategic Development at Ingenico Group. “Our relationship with Experian Health and AxiaMed will ensure that healthcare providers are equipped to securely accept whatever payment mechanism their patients want to use, with a single terminal and flexible, modern software.”
Additionally, the EMV-ready card acceptance device integrates with Experian Health’s PaymentSafe® solution, which provides an efficient patient payment process and gives hospitals complete control of patient collections. This enables a seamless workflow from preregistration to final payment.
Experian Health is exhibiting at the Healthcare Financial Management Association (HFMA) ANI conference June 22-25 in Orlando, Fla. Booth # 1425. For more information on the EMV-ready card acceptance device, visit http://bit.ly/1GAz6Hb.
Experian Public Relations
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AxiaMed provides integrated payments technology for healthcare organizations and software providers to streamline workflow by automating processing patient payments. We provide an essential service in the value chain of revenue cycle management.
We take a consultative approach to help our provider clients and partners solve problems related to patient payments and all aspects of payments management. Our industry leading technology solutions for software providers (ISVs) and clients offer an unparalleled single integration point and a secure, flexible platform. AxiaMed is committed to helping our partners create solutions, realize opportunities, and solve problems that are specific to their needs and goals.
For additional information about AxiaMed, please visit www.axiamed.com.
About Ingenico Group
Ingenico Group (Euronext: FR0000125346 – ING) is the global leader in seamless payment, providing smart, trusted and secure solutions to empower commerce across all channels, in-store, online and mobile. With the world’s largest payment acceptance network, we deliver secure payment solutions with a local, national and international scope. We are the trusted world-class partner for financial institutions and retailers, from small merchants to several of the world’s best-known global brands. Our solutions enable merchants to simplify payment and deliver their brand promise. Learn more at www.ingenico.com or twitter.com/ingenico.
About Experian Health and Passport
Experian Health and Passport provide a single solution for the healthcare industry that redefines revenue cycle efficiency and effectiveness. More than 2,900 hospitals and 10,000 other healthcare organizations representing more than 100,000 providers nationwide rely on the company’s best-in-class technology through every facet of the revenue cycle — including orders and scheduling, patient access, claims and contract management, patient engagement, patient collections optimization and population health management. From initial patient access to actionable, real-time data and analytics, the eCare NEXT® platform combines Touchless Processing™ and an exception-based workflow to help healthcare organizations achieve payment certainty by automating workflow, optimizing payments from patients and payers, creating business intelligence and mitigating risk. For more information on the Experian Health and Passport suite of products and services, visit http://www.experian.com/health and http://www.passporthealth.com.
We are the leading global information services company, providing data and analytical tools to our clients around the world. We help businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. We also help people to check their credit report and credit score, and protect against identity theft. In 2014, we were named by Forbes magazine as one of the “World’s Most Innovative Companies.”
We employ approximately 17,000 people in 39 countries and our corporate headquarters are in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended March 31, 2015, was US $4.8 billion.
Experian and the Experian marks used herein are trademarks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein are the property of their respective owners.