Lighthouse1 Teams With First Data and UMB Healthcare Services to Launch Innovative Health Payments Program

Lighthouse1, a leading provider of consumer driven healthcare (CDH) administration software solutions, announced today it has signed an agreement with First Data Healthcare Services, part of First Data Corp., a leading provider of electronic commerce and payment solutions. First Data will deliver a debit card and robust transaction processing services for subscribers using Lighthouse1′s healthcare programs.

First Data will provide healthcare card services, including a state-of-the-art transaction card processing solution that offers a convenient and secure vehicle for members to access their fund contributions at the point of care. UMB Healthcare Services, division of UMB Financial Corporation (NASDAQ: UMBF – News) will work with First Data to support debit card access, investment programs and transaction processing.

“After seeing the power of First Data’s payment systems, we knew that once integrated into Lighthouse1 OnDemand™, our clients could provide the most flexible, competitive benefit programs in the market,” said Jeff Fritz, chief executive officer and president of Lighthouse1. “Additionally, First Data’s experience with processing for UMB provides our clients with the ability to select a program that meets their goals.”

Lighthouse1 OnDemand™ delivers automated management of employer benefits plans such as Flexible Spending Accounts (FSA), Health Reimbursement Arrangements (HRA) and Health Savings Accounts (HSA). The debit cards processed with First Data provide for industry leading auto-substantiation rates, including real-time pharmacy benefit management, co-pay and over-the-counter substantiation, saving healthcare administrative costs by reducing the need for paperwork.

“With the continued rise in consumer-centric healthcare, benefit administrators are looking for solutions that allow patients and providers real-time access to more information at the point of care,” said Beverly Kennedy, president, First Data Healthcare Services. “With the single swipe of a card, First Data provides access to hundreds of healthcare plan designs managed on Lighthouse1 OnDemand™.”

UMB Healthcare Services has a long history in healthcare offering healthcare accounts and flexible spending cards.

“UMB is pleased to play an integral role in this innovative health payments program,” said Dennis Triplett, president of UMB Healthcare Services.” Lighthouse1 and First Data are leaders in the healthcare industry and we’re happy to partner with such progressive companies that are focused on providing solutions for the industry’s healthcare benefit administrators.”

The long-term agreement is effective immediately. Terms of the agreement were not disclosed.