Evolution Benefits Set to Announce Purchase of SmartFlex

Ric Joyner

  

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

Evolution Benefits

SmartFlex

First Data

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

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