InComm Payments wins the “Consumer Payments Innovation Award” in the seventh annual FinTech Breakthrough Awards program
The prestigious International Awards Program recognizes outstanding financial technology products and companies
ATLANTA, March 23, 2023 /PRNewswire/ — InComm paymentsa leading payment technology company, announced today that the Dual Network Benefit Card™, a solution from the InComm Healthcare business division, has been selected as the winner of the 7th annual Consumer Payments Innovation Award.th annual FinTech Breakthrough Awards. The award program is carried out by FinTech breakthroughan independent market intelligence organization that recognizes the best companies, technologies and products in the global FinTech market today.
The Dual Network Benefit Card ™ gives health plans the ability to easily add more than one additional benefit, reward or healthy food program to a single membership card. The payment product simplifies the transaction process for health plan members while allowing them to use employer or health plan-sponsored funds to purchase healthy products online or at one of 66,000+ retail locations and providers participating in the OTC (over-the-counter) network ® .
“Each year, our judges look for solutions that solve unique problems and create a more efficient payment experience for consumers,” said James Johnson, CEO of FinTech Breakthrough. “InComm Healthcare’s Dual Network Benefit Card™ enables health plans to streamline the traditionally complex process of delivering additional benefits to members. We sincerely congratulate our InComm Healthcare team for taking home the 2023 ‘Consumer Payments Innovation Award’.”
The FinTech Breakthrough Awards is the premier awards program founded to recognize FinTech innovators, leaders and visionaries from around the world across a range of categories including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2023 FinTech Breakthrough Award program attracted more than 4,000 nominations from around the world.
“With 2 billion dollars loaded since launch, our Dual Network Benefit Card™ can manage an unlimited number of programs – each linked to a specific product catalog or benefit option,” said Brian Parlotto, Executive Vice President of InComm Payments. “Building and supporting a single card that integrates countless benefit programs is no easy task. Others in the industry have fallen short for a variety of reasons, such as a lack of reliable technology or a lack of understanding of the complexities of healthcare payments. We would like to thank FinTech Breakthrough to recognize the team’s hard work in overcoming these challenges and developing this product for our partners.”
Health plan members can also spend funds on the Dual Network Benefit Card™ at specific category providers such as dentists and vision centers. InComm Healthcare has extended the Dual Network Benefit Card™ to over 320 health plans offering plan members a wide range of benefits across more than 580 health and wellness programs.
To learn more about the Dual Network Benefit Card™, visit: www.incomm.com/products/healthcare-solutions/.
About InComm Healthcare
InComm Healthcare is a leader in innovative payment platforms and capped spend features, serving more than 320 healthcare facilities and reaching 8.5 million cardholders. Our proprietary OTC network currently consists of 66,000+ retail locations. Our online and mail order options give your members the convenience they expect. Our InComm Healthcare Dual Network Benefit Card™ revolutionizes additional benefits by allowing the flexibility to combine multiple benefits on one card, including OTC products, healthy food, produce/meal delivery, dental/vision/hearing and more. Learn more at www.incomm.com/products/healthcare-solutions/.
About InComm Payments
InComm Payments is an innovative global payment technology provider. Leveraging dynamic technology and proven expertise, InComm Payments delivers enhanced end-to-end payment platforms and new financial technology solutions through a single integration, helping businesses grow across a wide range of industries, including retail, healthcare, tax and transit, incentives, mobile payments, digital currencies and financial services. By enabling omnichannel connectivity and alternative payment options to an ever-growing consumer base in an increasingly digital ecosystem, InComm Payments creates seamless and valuable commerce experiences worldwide. With three decades of experience, over 525,000 points of sale and online distribution, 412 global patents and a presence in more than 40 countries, InComm Payments leads the payments industry from its headquarters in Atlanta, GA. Learn more at www.InCommPayments.com.
About FinTech Breakthrough
Portion of Technical breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership worldwide, the FinTech Breakthrough Awards program is dedicated to honoring excellence in financial technologies and services, companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including payments, personal finance, wealth management, fraud protection, banking, lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.
Media contacts
Anthony Popiel
Head of Communications
InComm payments
+1-314-592-3149
[email protected]
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SOURCE InComm Payments
