|SCOTTSDALE, Ariz. -- Hypercom Corporation (NYSE: HYC) today announced that its HBNet transaction transport service and Optimum T4220 card payment terminals have been selected by HealthTransaction Network to support that company’s healthcare provider network. The innovative Network is the first of its kind to provide routine primary and preventive care services to underinsured and uninsured consumers in the United States.
“We have a new approach to health care that provides consumers easy, convenient and secure access to routine wellness and preventive care services at affordable prices, and does not require insurance,” said Joseph E. Wolfson, President and CEO, HealthTransaction Network. “It is an innovative approach to covering the under- and uninsured, a much needed win-win for consumers, small businesses and providers, and we are going to roll it out nationwide.”
HealthTransaction Network connects providers and consumers via HBNet’s electronic transaction transport service that quickly, securely and efficiently processes transactions between the parties. The Network uses a shared processing infrastructure, stored value cards and Hypercom’s Optimum T4220 Ethernet and Dial back-up card payment terminals.
All U.S. healthcare providers can participate. Small businesses unable to afford the high cost of insuring employees can load the card with whatever dollar amount they want. Consumers can access and purchase services by paying a minimal processing fee to subscribe to the Network and obtain a card from participating providers or employers. Each card incorporates biometrics to verify and protect cardholder identification.
“Speed and security are key components of the technology backbone for innovative companies like HealthTransaction Network, and that is where we excel,” said Connie Festa, HBNet Vice President, Network Services at Hypercom Corporation. “Their selection of Hypercom demonstrates that our products and services set the bar for value and performance in electronic transactions.”
Hypercom’s HBNet network speeds the authorization and processing of electronic transactions for retailers, financial institutions, government, and healthcare providers.