CARROLLTON, Texas, Feb 20, 2014 (BUSINESS WIRE) -- JetPay® Payment Services, a division of JetPay Corporation (“JetPay” or the “Company”) JTPY +36.26% and LifeMed ID are pleased to announce an agreement to process financial and data transactions for LifeMed’s patient kiosks. JetPay is a nationally recognized transaction processor, pre-paid debit card issuer and payroll and tax filing specialist. LifeMed ID is the U.S. industry leader in integrating the use of patient smart cards and biometric devices into the healthcare workflow providing instant, secure and private information exchange between caregivers, medical facilities and patients. LifeMed ID has engaged JetPay as their provider of choice for LifeMed’s newest product -- the medical services kiosk. This kiosk is expected to streamline hospital and office check-ins and to provide life-saving data to doctors, as well as allow easy bill payments.
The check in process in non-LifeMed ID-user hospitals and clinics can be a tedious and time consuming process using clipboards, filling out repetitive and, in many cases, redundant forms. Often, there are multiple registrations within the same facility; largely a manual and error prone process. The LifeMed kiosk can now be placed in doctor’s offices and hospitals or clinics to provide a number of key, self-service transactions. Patients can sign-in for appointments using their LifeMed ID which contains all of their patient records and identity verifications. The kiosk can also read and bill from insurance data on the card. Patients can pay their co-pay and finish paperwork items in moments. This frees staff to attend to medical, not regulatory concerns. Strategically placed kiosks for surgical and medical procedure check-ins may eliminate life-threatening mistakes that rely on patients’ memories for important health reporting.
For its part, JetPay customized a solution for the specific needs of LifeMed ID. JetPay offers this flexibility in its payments and processing environment to many companies that require individualized payments options. JetPay is known for providing transparency in its clear statements, fee structure, and attention to the specific needs of their customers’ applications. JetPay is also one of the first processors to offer a one payment scale for all card transactions, including American Express cards.
Trent Voigt, CEO of JetPay Payment Services, commented: “LifeMed processes about $58 million in transactions annually for which we will providing our processing services. We are hoping to expand this relationship quickly as LifeMed ID realizes the benefits of working with one provider for multiple business services. As a vertically integrated provider of business services from payment processing to payroll processing, we can work quickly to solve problems and provide innovative solutions.” He added: “Even more importantly, we believe the LifeMed kiosks, in combination with their ID cards and our transaction processing innovations, may provide a life-saving benefit to consumers.”
David Bachelor, CEO of LifeMed adds: “We selected JetPay due to their ability to customize functionalities to meet our requirements for our kiosks. JetPay already had most of our concerns accounted for, and they custombuilt bridges so processing would go smoothly. They also understood the rigorous programming specifications, and expedited the development process to meet our expectations. As a result, we will be live initially in March and fully by July, 2014. We value JetPay’s relationship and their commitment to bringing our kiosk solution to the market.”
About LifeMed ID
LifeMed ID enables accurate patient identification by providing Authoritative Identity Management Exchange™ (AIMe), a patent pending comprehensive ID platform. AIMe provides confirmation that patients are accurately known as they travel throughout the various stages of care, allowing facilities to confidently welcome patients and successfully manage their identities. Patients simply present their ID which is already linked to their unique records at check-in. This process provided by AIMe allows physicians to reference the right information for treatment. For more information, visit http://www.lifemedid.com.
JetPay Corporation , based in Berwyn, PA, is a leading provider of vertically integrated solutions for businesses including card acceptance, processing, payroll, payroll tax filing and other financial transactions. JetPay provides a one vendor solution for payment services, debit and credit card processing, ACH services, and payroll and tax processing needs of businesses throughout the U.S. The Company also offers low-cost payment choices for the employees of these businesses to replace costly alternatives. Its vertically aligned services provide customers with convenience and increased revenues by lowering payments-related costs and by designing innovative, customized solutions for internet, mobile, and cloud-based recurring payments. About JetPay Payment Services JetPay Payment Services , a division of the JetPay Corporation, headquartered in Carrollton, Texas, a suburb of Dallas, is a premier provider of a front-end and back-end credit card, check, and mobile payments processing, specializing in technology solutions for the e-commerce and card-not-present marketplace. JetPay Payment Services supplies full processing and acquiring services for some of the largest e-commerce sites on the web today. The company offers processing services to banks, sales organizations, and businesses of every
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