E-payment: Partnership between Wright Express and PaySpan in Healthcare Industry

• The payment solution provider and card estates specialist Wright Express has just partnered with PaySpan, healthcare payments and reimbursements processors on a new single-use (online and offline) virtual payment solution for the healthcare industry.

• This tool aims at helping industry specialists improving their management of reimbursement flows and preventing fraud. Customers would use their single-use prepaid account and enter the 16-digits virtual card number displayed on-screen for each transaction. Available amounts and card expiration dates on the temporary accounts can be configured.

Source: Press release

• Last May, Wright Express acquired CorporatePay, a London-based specialist focusing on prepaid and virtual cards for the travel industry. This move would allow the US provider to enter the British market and hope for European reach. These obvious globalisation efforts are also highlighted by its previous buyouts (Wright Express Australia in 2010 and rapid! PayCard in 2011) and are not only geographical but also multi-sectored as showed by its various interests.

• In the US, the healthcare reimbursement sector now attempts to rethink its strategy through reducing costs and make profit without however impairing a particularly fragile ecosystem. Prepaid solutions and single-use cards seem especially adapted. This option might also remind one of the French e-Carte Bleue.