The Evolution Benefits Flex Debit Card
How the Card works for the cardholder?
- Simplicity… the Card is presented to the merchant and with one swipe, the reimbursable expense is automatically deducted at the point of sale
- Reduced Paperwork…a variety of auto-substantiation methods are used to electronically verify the transaction and help the participant avoid the problem of “pay twice and wait”
- Convenience…participant account status and information is available 24/7 online
Employees will love the convenience and cash flow. They will appreciate the employer’s effort to improve a benefit.
Auto-substantiation rate – number of card swipes electronically verified, divided by the total number of card transactions
- EB delivers an 80 – 90% auto-substantiation rate to our customers using PBM data matching routines
- Around 8 out of 10 transactions don’t need receipt follow-up!
Why the Evolution Benefits Debit Card?
- Product innovation and market leadership
- Industry-leading auto-substantiation (A-S) rates:
- 80 – 90% across book of business for customers using PBM data
- Multi-account “stacking” capability on a single card
- Comprehensive communications strategy to increase enrollment
- “Best of Breed” partnerships and products
- Card conversion expertise
For additional information please contact Mike Dralle at (216) 642-8038 or by email at mdralle@vanfin.com.
Evolution Benefits Flex Debit Card brochure
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