Mobile payments in the health care industry


If issues about how to access healthcare and pay for services have been troubling you, you are not the only one. These have been growing concerns for individuals. Thanks to mobile payments, these might be resolved. A collaboration with a financial firm has led to the emergence of Lively, a health savings account.

Thanks to this partnership, Lively customers will be able to access the funds in their health savings account without difficulty. The new system enhances the rapidity with which transactions are processed and improves accuracy within the infrastructure. Considering the fact that these customers spend 96 percent of their annual contributions on medical expenses, it is only logical that they are able to access their money in a rapid way. Now they will have the opportunity to manage their savings using a debit card. This will be given to new account holders over the next few weeks. Existing Lively customers will have to wait for a few more months. These cards will be equipped with the latest security measures. For examples, they will have purchase protection and ID theft protection.

This might not be the best solution to improve all the issues in the health sector, but a savings account does ameliorate the service offered. Mobile payments have been enhancing several industries. We just have to wait and see what they do now.


A health savings account lets you manage your funds

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