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procEssor Evolution1 – a WEX Company spotlight
Evolution1’s on-premises and cloud computing health care solution offers a single end-
to-end user experience, provides innovative auto-substantiation technologies and automates work- flow for benefits providers, employ- ers and consumers to empower and simplify the consumer experi- ence, according to the company.
1Mobile, Evolution1’s mobile app, simplifies health care by enabling consumers to view account bal- ances and details, submit claims, and capture and send receipts any time, on any iPhone, Android or tablet. Consumers also can configure account alerts via text message. The number of 1Mobile
procEssor TAS Group spotlight
Aleading technology and service provider of chip-card payments solutions since the introduction of EMV in 2002, TAS Group is supporting U.S. businesses
by The nuMbeRS
• More than 75 million EMV chip cards are managed on TAS Group solutions.
• The company, which began operations in 1982, has 400 employees, with 50 profession- als dedicated to issuer and acquirer processing.
users—and transactions—has doubled in the past two years.
The company continues to build key relationships, signing multiyear agreements with large health plans, financial institutions and third-party administrators that use Evolution1 as their strategic platform for offer- ing innovative consumer-directed health care and defined contribu- tion options to employer groups through benefits-specific prepaid and debit cards.
Evolution1 was formed through the merger of Evolution Benefits Inc. (founded in 2001) and Light- house1 LLC (founded in 2002). In 2014, Evolution1 was acquired
in their EMV migrations through its cashless 3.0 modular payments solution. In addition to facilitating EMV, cashless 3.0 payments solu- tions offer banks and program managers customization capabili- ties, down to the cardholder level, and quicker time to market for new programs.
Key services in the U.S. market include POS and merchant management; 3D Secure trans- actions for issuers and acquirers; and closed-loop card manage- ment systems.
“No more one size fits all” is TAS Group’s goal for its cashless 3.0
by The nuMbeRS
• 80 million+ claims processed,
all with an uptime of 99.99% over the past three years.
• During 2014, partners saved more than $150 million in annual operating costs.
• 11 million consumers on the platform, as of 2014.
• 125,000+ employer groups.
by WEX Inc. for $532.5 million in cash. Headquartered in Fargo, N.D., Evolution1 has offices in Hartford, Conn; Minneapolis; and St. Louis.
suite for on-premise installations and for servicing end customers
in the card business value chain. Depending on the parts of the overall processes the client wants to outsource, TAS Group can accommodate the selected pro- cessing components in a flexible way. Its proprietary solutions adapt quickly to changing market trends, emerging mobile/digital technolo- gies, and evolving regulations and compliance requirements.
Headquartered in Italy, TAS Group addresses global financial and payments markets from 11 offices in six countries in Europe, Latin America and the U.S.
volume 8 • spring 2015
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