Navigation Links
InComm and Medagate to Launch Government Backed Medicare Products
Date:1/10/2010

InComm, the leader in sales and marketing of prepaid products and innovator of transaction processing, announced today that it has entered into an agreement with San Francisco based Medagate Corp to develop a new payment gateway leveraging InComm’s patented point-of-sale card activation network and Medagate’s card-issuing platform. The gateway will connect the issuing platform to InComm’s network of 150,000 retail locations, thus allowing Retailers and Program Managers to work together to create their own acceptance networks and turnkey prepaid card programs.

Atlanta, GA (Vocus) January 10, 2010 -- InComm, the leader in sales and marketing of prepaid products and innovator of transaction processing, announced today that it has entered into an agreement with San Francisco based Medagate Corp to develop a new payment gateway leveraging InComm’s patented point-of-sale card activation network and Medagate’s card-issuing platform. The gateway will connect the issuing platform to InComm’s network of 150,000 retail locations, thus allowing Retailers and Program Managers to work together to create their own acceptance networks and turnkey prepaid card programs.

“Developing this gateway with InComm is a natural fit,” said Devin Wade, Chief Executive Officer of Medagate Corp. “InComm has direct point-of-sale connections with thousands of their merchant clients, allowing our clients to team up with them and create their own mini-acceptance networks and programs. This is a first for the prepaid industry that has begun to encounter barriers with recent card programs responding to government regulations and a general demand for multi-retailer programs. Until now, the choices for a program manager or retailer were either a closed loop card issued by a single merchant and accepted by that same merchant, or an open loop card issued by a member bank and accepted everywhere – there was no middle ground.”

Medicare Part C Over-the-Counter (OTC) benefits represent a good example of this opportunity. The Centers for Medicare and Medicaid Services (CMS) allow health plans to issue payment cards to Seniors for the purchase of OTC items at drug and grocery stores, but only if the retailer can identify the eligible items and limit the payment card to those items. Even though retailers have a significant interest in participating with the health plans and in most cases have sophisticated point-of-sale systems capable of identifying and netting out the eligible products, no such card solution exists today. Now, a health plan (or their program manager), could use the Medagate/InComm gateway to work with interested retailers to create their own acceptance network and issue OTC cards using the Medagate card-issuing platform. The cards could only be used at participating retailers for eligible products and would be processed and settled at the point-of-sale by InComm.

“With such a tremendous focus these days on healthcare and government involvement,” said Mark Leonard, Executive Vice-President of Business Development for InComm, “Our retailers our looking for solutions to position themselves for the future. We are excited about working with Medagate on the development of this innovative payment gateway that will deliver a cost-effective solution to our retail merchants with a clear opportunity to increase their foot traffic and product revenue.”

About InComm:
InComm is the industry leading marketer, distributor and technology innovator of stored-value gift and prepaid products using its state-of-the-art point-of-sale transaction technology and payment solutions to revolutionize retail product sales and customer experiences. With nearly $8 billion in retail sales transactions processed in 2008, InComm is the nation’s largest provider of gift cards, prepaid wireless products, reloadable debit cards, digital music downloads, content, games, software and bill payment solutions. InComm partners with consumer brand leaders around the world to provide more than 150,000 retail locations the products and services their customers demand. Since 1992, InComm's patented technologies have made the buying process easier for consumers while streamlining the selling process for product and retail partners. To learn more about InComm, visit www.incomm.com or call 1.800.352.3084. InComm is headquartered in Atlanta, GA with offices in Japan, Canada, the United Kingdom, Puerto Rico, Colorado, Texas, Florida, New Jersey, Oregon, Arkansas, Alabama and Minnesota.

About Medagate:
Medagate Corp. was recently formed to advance the creation and adoption of alternative payment systems by combining proven open-loop principles and business practices with the simplicity and low cost of closed loop issuance/processing. The result is a private-labeled, non-branded, single-issuer card accepted at multiple participating retailers, leveraging the creativity of retailers and program managers. To learn more about Medagate visit www.medagate.com. Medagate is headquartered in San Francisco, CA.

Media Contacts:
InComm
Jenn Boutwell
1-770-882-2240

Medagate Corp.
Mark Hall
1-609-477-3475

###

Read the full story at http://www.prweb.com/releases/Medagate/InComm/prweb3423344.htm.


'/>"/>
Source: PRWeb
Copyright©2010 Vocus, Inc.
All rights reserved  

Related medicine news :

1. Sudden Cardiac Arrest Foundation Launches First Virtual Affiliate
2. New Years Resolutions Just Got Easier - Happy Hour Effect LLC to Launch The Happy Hour Effect(TM) Balance Plan in 2010
3. The Million Nurse Global Caring Field Project Launches Jan. 1st, 2010 at Noon
4. Fit Factor Network, Inc. Launches Share the Health Campaign
5. DocMatcher.com Launches Web Platform to Enhance Patient-Doctor Relationships and Improve Health Outcomes
6. Cystic Fibrosis Worldwide Launches a New Campaign to Reach Thousands Who Suffer from CF
7. AHD International & Funktional Beverages, Inc Launch Red Stuff™ with LuraLean
8. FRC Action Launches Last Minute Phone Call Campaign in Six States
9. BioMedSearch.com Launches
10. National MS Society Continues to Propel Research Forward to End MS - Launches 2010 With Call for Research Grants to Pursue CCSVI Leads
11. FloatingApp launches Hosted Windows Desktops as a Service
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
InComm and Medagate to Launch Government Backed Medicare Products
(Date:5/25/2016)... ... May 25, 2016 , ... American Spine in ... invasive, endoscopic spine surgeries in the Montgomery County, Howard County and Washington, D.C. ... Germantown office of American Spine every Monday. He will also perform surgeries in ...
(Date:5/24/2016)... ... 24, 2016 , ... PhishLine, the best-in-class, enterprise level security ... Vice President of Sales. Cifolelli’s primary responsibilities include management of the company’s ... expanding field of organizational social engineering. , “We are delighted to have ...
(Date:5/24/2016)... ... 24, 2016 , ... i2i, a national leader in population ... “Transforming Outcomes” User Conference in Las Vegas on May 19-20, 2016. The ... the market standard for meaningful population health management. The company recently closed ...
(Date:5/24/2016)... ... May 24, 2016 , ... ... and to housing, with more advantaged communities providing richer opportunities. Recognizing the key ... interventions: (a) school improvement policies; (b) school choice policies; (c) school desegregation policies; ...
(Date:5/24/2016)... ... May 24, 2016 , ... Mental health watchdog Citizens ... of Scientology and renowned professor of psychiatry Thomas Szasz, is continuing its protest against ... Industry of Death” exhibit in Atlanta, Georgia. The opening of the exhibit follows CCHR’s ...
Breaking Medicine News(10 mins):
(Date:5/23/2016)... -- Non-invasive diagnostic test realizes the potential ... to be presented at Yissum’s booth, at IATI-BIOMED 2016 ... of the Hebrew University of Jerusalem announced today ... Ventures MKI, the technology investment arm of Morris Kahn ... for early detection of multiple diseases by analyzing circulating ...
(Date:5/22/2016)... May 23, 2016 DS ... anti-fibrotic and anti-inflammatory compound DS102 in chronic obstructive ... non-alcoholic steatohepatitis (NASH) patients. Recent DS ... in lung tissue and has bronchodilatory, anti-inflammatory and ... administration. The Company will publish further detail on ...
(Date:5/20/2016)... , May 20, 2016 ... Pipeline Review, H1 2016" market research report with ... Psoriasis (Psoriasis Vulgaris), complete with comparative analysis at ... of action (MoA), route of administration (RoA) and ... news and press releases. It also reviews key ...
Breaking Medicine Technology: