June 24, 2019
U.S. Bank entered an agreement with Inworks, a firm that specializes in accounts payable automation, in an effort to help streamline health care payments between insurance companies, doctors, patients and suppliers, according to a press release.
The companies plan to bring Inworks Intelligent Pay platform with U.S. Bank's Virtual Pay Visa card payments platform, which will create new efficiencies in processing payments between the various parties .
"U.S. Bank has a long history of serving the banking and finance needs of healthcare organizations," Nicole Tackett, senior vice president at U.S. Bank Corporate Payment Systems, said in the press release. "We understand the complexity that our customers in healthcare must manage."
The Inworks Intelligent Pay platform helps companies electronically submit, manage and track payments using a range of options, which now includes U.S. Bank Virtual Pay.
A spokesperson for U.S. Bank said the companies were looking to implement customers immediately, but did not have any on the platform as of yet.
Topics: Card Brands, Mobile Payments
Companies: U.S. Bank
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