A partnership involving UMB Bank received a Best in Category award for a virtual healthcare claims settlement platform that speeds up payments by 60 to 80 percent compared to paper checks or automated clearing houses.
StoreFinancial and Pay-Plus Solutions Inc. collaborated to develop the payment processing system, and Kansas City-based UMB Bank served as the program manager and issuer.
The system is unique in that it is designed specifically for healthcare, combining the banking functions, claim…
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