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Members can pay their premium at designated CheckFreePay agent
locations
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Cash payments provide a flexible option for the more than 1 in 4
households who do not have or do not frequently use a traditional bank
account
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ:FISV), a leading global provider of financial services
technology solutions, announced today that CareFirst BlueCross
BlueShield (CareFirst) is now enabling members to pay their healthcare
premiums in person via its CheckFreePay® solution. CareFirst
offers a comprehensive portfolio of health insurance products and
administrative services to 3.4 million individuals and groups in
Maryland, the District of Columbia and Northern Virginia.
With the implementation of recent government policy changes in
healthcare, a growing number of participants in the healthcare
marketplace are part of the more than 1 in 4 households that do not have
bank relationships or do not use traditional payment methods such as
checks, credit cards and debit cards. It is important for insurers to
have a cash-based payment option to reach this segment of the population
that needs to pay their premium.
With the CheckFreePay walk-in bill payment network, CareFirst members
have access to a secure, convenient method to pay their monthly medical
and dental healthcare premiums in person, using cash.
The CheckFreePay network consists of 28,000 retail locations nationwide,
which include supermarkets, drugstores and convenience stores, along
with hundreds of independent and chain store retailers. Members can
locate their closest authorized location by visiting the CareFirst
website or the CheckFreePay Agent Locator.
"CareFirst serves a wide variety of individuals, and working with Fiserv
will allow us to provide a new payment option," said Wanda Oneferu-Bey,
executive vice president of CareFirst's Consumer Direct division. "Our
customers can now pay their premium at a nearby walk-in location,
delivering convenience and time savings, particularly to those who
prefer to make a cash payment."
Fiserv is the largest provider of walk-in payments, electronic bill
presentment (e-bills) and electronic bill payment in the U.S. according
to Aite Group.*
"Fiserv is uniquely positioned to play a pivotal role in the healthcare
billing and payment transformation by offering our flexible,
single-source solutions and our billing and payment expertise," said
Robert R. Craig, senior vice president, Biller Solutions, Fiserv. "A
walk-in payment option is a key part of an integrated and omnichannel
healthcare billing and payment strategy for the post-Affordable Care Act
world, and can help to accelerate payments, reduce costs and increase
customer satisfaction"
*Walk-in bill payment services are provided by CheckFreePay Corporation,
a licensed money transmitter, CheckFreePay Corporation of California,
and CheckFreePay Corporation of New York which is licensed and regulated
as a Money Transmitter for payment services by the New York State
Department of Financial Services, each a wholly-owned subsidiary of
Fiserv, Inc.
Additional Resources:
About CareFirst BlueCross BlueShield
In its 77th year of service, CareFirst, an independent licensee of the
Blue Cross and Blue Shield Association, is a not-for-profit health care
company which, through its affiliates and subsidiaries, offers a
comprehensive portfolio of health insurance products and administrative
services to 3.4 million individuals and groups in Maryland, the District
of Columbia and Northern Virginia. In 2014, CareFirst contributed about
$55 million to community
programs designed to increase the accessibility, affordability, safety
and quality of health care throughout its market areas. To learn more
about CareFirst BlueCross BlueShield, visit our website at www.carefirst.com
or follow us on Twitter
and Instagram.
About Fiserv
Fiserv, Inc. (NASDAQ:FISV) is a leader in financial services technology
and one of FORTUNE® magazine's World's Most Admired
Companies. Fiserv enables clients to achieve best-in-class results by
driving quality and innovation in payments, processing services, risk
and compliance, customer and channel management, and business insights
and optimization. For more information, visit www.fiserv.com.
FISV-G
Media Relations:
Julie Smith
Senior Manager, Public
Relations
Fiserv, Inc.
412-577-3341
julie.smith@fiserv.com
Additional
Contact:
Ann Cave
Director, Public Relations
Fiserv,
Inc.
678-375-4039
ann.cave@fiserv.com
Source: Fiserv, Inc.
News Provided by Acquire Media