New EMV-compliant solution reduces fraud liability and increases patient payment security
In an effort to help healthcare providers comply with upcoming fraud-liability standards and protect their patients, Experian Health today announced it has joined forces with AxiaMed and Ingenico Group to deliver a new solution that enables fast, efficient and secure customer payment transactions. The EMV-compliant device allows hospitals and medical providers to protect patient financial information as well as reduce their liability should a fraudulent transaction occur.
Through this collaborative effort, users will have access to an EMV-ready card acceptance device that meets security standards as well as serves as a flexible transaction terminal that can accept all existing forms of electronic payment, including credit and debit, contactless systems and stored-value cards. Furthermore, by leveraging AxiaMed’s unique technology, users will have a single point of contact for questions about reconciliation, transaction lookup, and hardware fulfilment and support.
Additionally, the EMV-ready card acceptance device integrates with Experian Health’sPaymentSafe® solution, which provides an efficient patient payment process and gives hospitals complete control of patient collections. This enables a seamless workflow from preregistration to final payment.
AxiaMed provides integrated payments technology for healthcare organizations and software providers to streamline workflow by automating processing patient payments. We provide an essential service in the value chain of revenue cycle management.
About Ingenico Group
Ingenico Group (Euronext: FR0000125346 – ING) is the global leader in seamless payment, providing smart, trusted and secure solutions to empower commerce across all channels, in-store, online and mobile. With the world’s largest payment acceptance network, we deliver secure payment solutions with a local, national and international scope. We are the trusted world-class partner for financial institutions and retailers, from small merchants to several of the world’s best-known global brands. Our solutions enable merchants to simplify payment and deliver their brand promise.
Source: Experian Press Release