News

Elevate partners with Visa for push to debit health reimbursements

Friday 18 February 2022 08:04 CET | News

US-based consumer directed benefits platform Elevate has announced its partnership with Visa to implement the latter’s Visa Direct push payments platform.

The Visa Direct programme allows Elevate customers to offer their employees seamless and quick access to healthcare reimbursements. By choosing Elevate, employees can handle reimbursements for their healthcare plans in a faster and easier manner. 

The company’s API-driven platform will manage and power out-of-pocket costs and, with its OCR (Optical Character Recognition) technology, will read uploaded receipts and reimburse employees within the same day via their preferred payment method – direct deposit, Venmo accounts, or Visa accounts linked to their debit/ credit cards.

Elevate’s innovation is that these healthcare reimbursements will be made in real time. Moreover, the platform allows employees to view, plan, and manage their pre-tax benefits from a single dashboard available both for mobile and web.


Source: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Visa, partnership, API, online platform, credit card, debit card
Categories: Payments & Commerce
Companies: Elevate, Visa
Countries: United States
This article is part of category

Payments & Commerce

Elevate

|

Visa

|
Discover all the Company news on Elevate and other articles related to Elevate in The Paypers News, Reports, and insights on the payments and fintech industry: