PayFlex Selects First Data for Healthcare Processing Services

First Data will deliver healthcare card services, including astate-of-the-art transaction card processing solution that provides aconvenient and secure vehicle for members to access their fundcontributions at the point of care. Research indicates thatparticipation in healthcare spending accounts increases when theaccount is paired with a card solution. PayFlex offers a comprehensiveapproach to benefits administration and selected First Data in orderto provide employers with greater flexibility and cost savings.

"Our relationship with First Data makes us a stronger organizationand gives us many competitive advantages in the marketplace," saidMark Huber, chief executive officer, PayFlex. "Our employer clientsare continually seeking additional Debit Card product enhancementsthat add convenience for their card-carrying employees. Thisrelationship enables us to be at the forefront of offering the latesttechnology that translates into added employer benefits."

The combination of PayFlex's expertise in benefit administrationand First Data's superior technology for healthcare processingprovides employers with market-leading advancements inauto-substantiation; single-card access to multiple healthcare fundswith an optional line of credit; and a seamless relationship providingend-to-end solutions. The PayFlex card will support enhanced featuresfor spending accounts, including real-time pharmacy benefitmanagement, co-pay and over-the-counter substantiation, complex purseprioritization and integration and a healthcare line of credit.

"We are excited to have PayFlex, one of the largest independentadministrators of health spending accounts become one of our clients.PayFlex has an impressive list of employers that will now benefit fromour combined services," said Beverly Kennedy, president, First DataHealthcare Services. "We continue to act on our vision of simplifyinghealthcare processes and reducing administrative costs."

"The new functionalities offered by First Data are not only veryexciting to us, but important enhancements that will support ourco-branding endeavors with those Health Plans and Third PartyAdministrators that choose to outsource and private label with us,"said Rob Butler, chief marketing officer, PayFlex.

The long-term agreement is effective immediately. First Data hasbegun processing services for PayFlex, including issuing cards,authorizing transactions and verifying account balances. Terms of theagreement were not disclosed.

About PayFlex

PayFlex (www.payflex.com) is a leading nationwide provider ofhealthcare spending account administration with nearly 20 years ofexperience. PayFlex provides a broad range of services to nearly 2,000employers including many Fortune 500 companies that employ severalmillions of employees. PayFlex has distinguished itself in the benefitadministration market by offering unmatched customer service,exceptionally fast claim turnaround time and a commitment to be easyto work with. PayFlex services include FSA, HRA, HSA, Transit andDependent Care, along with COBRA. PayFlex is headquartered in Omaha,Neb., with offices in Chicago, Ill. and Littleton, Colo. For moreinformation, please call Rob Butler at 630-325-6953.

About First Data

First Data Healthcare Services offers a multi-purpose card thatprovides access to HSA, HRA, and FSA accounts and line of credit,along with eligibility, benefit, and claims data, through a powerfulpoint-of-care network. First Data Corp. (NYSE: FDC) is a leadingprovider of electronic commerce and payment solutions for businessesand consumers worldwide. Serving 4.6 million merchant locations, 1,600card issuers and millions of consumers, First Data powers the globaleconomy by making it easy, fast and secure for people and businessesaround the world to buy goods and services using virtually any form ofpayment. The company's portfolio of services and solutions includescredit, debit, private-label, gift and other prepaid card issuing andmerchant transaction processing services; money transfer services;money orders; fraud protection and authentication solutions; checkguarantee and verification services through TeleCheck; as well asInternet commerce and mobile solutions. Western Union, Vigo andOrlandi Valuta together make up one of the world's largest moneytransfer networks with approximately 274,000 Agent locations in morethan 200 countries and territories. The company's STAR Network offersPIN-secured debit acceptance at 1.9 million ATM and retail locations.For more information, visit www.firstdata.com.

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