COLUMBUS, Ga.--(BUSINESS WIRE)--TSYS (NYSE: TSS) announced today that it has signed a long-term renewal agreement with HealthEquity, Inc. to provide payments processing services for the company’s healthcare payments portfolio.
As one of the largest health savings account administrators, HealthEquity works with a wide variety of employers, diverse in industry, size, location, and culture. TSYS has provided processing services for HealthEquity since 2009.
“Our renewed partnership with TSYS will enable us to continue to grow our business quickly and efficiently,” said Jon Soldan, executive vice president of Operations at HealthEquity. “We look forward to working in partnership with TSYS to provide industry-leading service for our partners.”
“At TSYS, we place tremendous value in long-term commitments with clients such as HealthEquity,” said Trey Jinks, group executive of Healthcare at TSYS. “We look to continue providing HealthEquity with our best-in-class processing platform, innovative products and superior customer service to help them grow faster than the market providing the best possible experience to their clients and plan members.”
As part of the agreement, TSYS will continue to provide HealthEquity with core payment card processing and related services such as card and statement production. The HealthEquity portfolio includes health savings accounts, flexible spending accounts and health incentive accounts.
Founded in 2002, HealthEquity is one of the nation’s oldest and largest dedicated health savings custodians. The company’s innovative technology platform and tax-advantaged accounts help members build health savings while controlling health care costs. HealthEquity services more than 1.6 million health savings accounts for 80 health plan partners and employees at more than 32,000 companies across the United States.
TSYS® (NYSE: TSS) unlocks opportunities in payments for payment providers, businesses and consumers. Our headquarters are in Columbus, Georgia, USA, and we operate in more than 80 countries with local offices across the Americas, EMEA and Asia-Pacific.
We provide seamless, secure and innovative solutions across the payments spectrum — from issuer processing and merchant acquiring to prepaid program management — delivered through partnership and expertise. We succeed because we put people, and their needs, at the heart of every decision. It’s an approach we call ‘People-Centered Payments®’.
Our industry is changing every day — and we’re leading the way towards the payments of tomorrow. We routinely post all important information on our website. For more, visit us at tsys.com.