07.19.06 | TRANSFIRST and Infotech Global, Inc Announce Partnership to Deliver Credit Card Processing Solutions to Physicians & Hospitals

State-of-the-art technology will enable physicians and hospitals to process credit card and ACH transactions via PMS integration or Portal solutions. This technology not only addresses the shift to private pay revenue in the front office but also post adjudication balances in the back office

DALLAS and SOMERSET, N.J. (July 19, 2006) — TRANSFIRST Health Services, Inc. a division of TRANSFIRST Holdings, INC., a leading provider of credit card processing services and payment enabling technologies, and INFOTECH GLOBAL, INC., (“IGI”), a premier service and solution provider to the healthcare industry serving physicians, hospitals, system vendors and payers, today announced a partnership that will provide IGI customers with credit card and ACH processing capabilities. The partnership will link the TRANSFIRSTpayment processing system to IGI’s vendor, provider and payer applications, improving efficiency and work flow in provider offices replacing archaic stand alone POS systems. The partnership will vastly improve efficiency in handling co-pay and post-adjudication payment from patients. Staff in the physician’s office will benefit from system wide access so critical in revenue cycle management in collecting patient balances in a post-adjudication environment.

The new service combines TRANSFIRST’s processing capabilities for credit card and ACH, manual and automatic recurring payments, and custom reports with IGI’s custom solutions. Delivering either full integration or Portal solutions, IGI will add TRANSFIRST credit card and ACH processing to its acclaimed product suite. Physician or Hospital staff will have access to credit card and ACH payment processing anywhere within their facility or wherever access to the internet exists.

“At IGI, we recognized the current shift in healthcare transferring financial responsibility from payers to patients has resulted in a need to deliver sophisticated system wide solutions to maximize revenue. Providers historically have focused the majority of their solutions to collecting third party payment. With private pay approaching 35% of a provider’s A/R, a greater focus has been placed on collecting from the patient,” states Arthur Kapoor, IGI Founder and CEO. “At IGI, market intelligence is our forte enabling us to deliver solutions which increase cash flow and reduce costs”.

Christy Corey, President for TRANSFIRST’s Health Services division explains, “Our partnership is an example of two customer centric organizations listening to the market and delivering state of the art technology, which addresses the growing trend of private pay. Stand-alone products, although useful, fall short in efficiency in the complex environment of a healthcare practice. We envision the same migration path for credit card as eligibility has taken in provider offices. The same inefficiencies that plagued POS eligibility solutions exist with credit card. Through the power of the Internet and IP solutions or full integration, healthcare providers will realize productivity and work flow gains. Healthcare has been lagging in certain segments of technology, especially in the aspect of payment processing. Business owners in food or home improvement industries can process payments from consumers via a fully integrated system, yet the most advanced healthcare system is the world still utilizes stand alone systems. We believe our newly formed partnership with IGI addresses this situation.”

About InfoTech Global, Inc.
Infotech Global Inc. (IGI) brings several years of experience managing large, complex IT projects for Fortune 1000 companies, as well as State and Federal entities. We have established a large repertoire of proven project management practices for effective and efficient solutions in a number of verticals. IGI works with, and not for, our Clients – the relationships we build today will have a greater impact to end-users who use technology on a day-to-day basis. We provide a broad range of services that reflect a widespread demand in the IT marketplace. Our services are packaged to reflect our business philosophy, "We build our practice around our customers' business.” Rather than engaging a customer with a prescribed set of solutions, we draw upon a wide range of IT skills and expertise to tailor an optimal solution that meets our customers' strict requirements. Established in 1995, we have been handling on-site; off-site and offshore software development projects providing complete post development system support and service. IGI has its wholly owned offshore development center in the second Silicon Valley -- Bangalore, India. Our core competency comprises of design, development, and maintenance of software applications, all within the guidelines of ISO 9001 standards. Transaction sets include claim translation/submission, claim status inquiry / response / ERA, eligibility inquiry/response, referral add/inquiry/response/enrollment and now credit card and ACH. The switch processed both batch and real time transactions. For additional information about IGI please visit www.igiusa.com or call Rey Wolfarth, Director, Marketing at 732-652-1515.

About TRANSFIRST
A premier provider of transaction processing services and payment enabling technologies, TRANSFIRST offers a first-rate suite of products and services and customized processing programs uniquely tailored for the special business needs of financial institutions, independent sales organizations and agents and its referral and reseller partners. Through its in-depth industry knowledge, partnership strategy and innovative solutions, TRANSFIRST provides a specialized approach to transaction processing for healthcare providers, public entities, online and other non-traditional merchants, as well as brick and mortar retailers. Founded in 1995, TRANSFIRST is a market leader in strategic mergers and acquisitions, which has allowed the company to gain significant market share and world-class expertise in growing and profitable industry segments. Built on a platform of personal service, customer commitment and flexible pricing, TRANSFIRST is headquartered in Dallas, Texas, and has operations facilities in Louisville, Colo., Omaha, Neb., Kansas City, Kan., Newport Beach, Calif., Milwaukee, Wis. and Langhorne, Penn. Company wide, TRANSFIRST currently processes approximately $22 billion in annual sales volume for more than 160,000 merchants and more than 965 financial institutions. TRANSFIRST can be reached at 1-800-745-2659 or at www.TRANSFIRST.com.