Milwaukee - CIGNA HealthCare will begin offering a debit card to holders of its flexible spending accounts (FSA). The card will be provided by MBI Benefits Inc., an affiliate of Metavante Corp."As a leading provider of FSAs, we chose MBI based on its ability to tailor a debit card product with proven technology that best provides our customers with electronic access to FSA funds," says Jake Biscoglio, head of product development, consumer products, CIGNA HealthCare. "This relationship with Metavante Healthcare Payments opens the door to exploring more healthcare payment services options for our consumers."
"Metavante acquired MBI just prior to CIGNA HealthCare selecting the MBI Benefits Card for its FSA accounts," says Frank D'Angelo, president and chief operating officer, Metavante Payment Solutions Group. "We leveraged the combined resources of Metavante Healthcare Payments to build customized enhancements to the MBI Benefits Card for CIGNA HealthCare to ensure its readiness for 2006 and a new benefits year."
Sources: Metavante, CIGNA HealthCare
