If you have a debt/payment collection business particularly serving the health industry, then it is imperative that you have a payment gateway, merchant account that processes HSA and FSA card. The first stands for Health Savings Accounts, which pay for qualified medical expenses for account holders and their dependents; the latter stands for Flexible Spending Accounts, which are established by employers and funded by employees to be used for qualified medical expenses in pre-tax dollars.
Here are some benefits of HSA FSA Card processing debt collection:
Efficiency debt/payment processing as it eliminates the need for manual collections
PCI compliance so customers can rest assured that payment information is processed securely
All transactions are processed electronically through networks with multi-layer of security