Evolution Benefits will announce sometime this week they are purchasing SmartFlex.
Evolution Benefits and SmartFlex are debit card providers for consumer driven plans.
The "pre-paid" card industry is experiencing roll ups. Roll ups are acquistions and mergers.
The top players are:
Metavante/MBI Healthcare Payment Systems
When purchasing a Consumer Driven Plan and the TPA is offering a debit card vendor it is wise to determine the size of the card provider and the experience before purchasing.
eflexgroup uses Metavante