Consumers who use debit and credit cards may have recently noticed that their cards look a little bit different. Many companies are now issuing cards with a card chip on the front, which is known as the Europay, MasterCard, and Visa (EMV). There is good reason many card issuers are using this new technology: Congressional legislation has shifted the burden of fraud liability. This is in an attempt to crack down on fraud, especially those
DataPath, Inc, a software development company that builds powerful software systems that administer healthcare benefit plans and specialized payment solutions, was awarded a Governor’s Quality Award on September 15, 2015. DataPath was one of six recipients of the Challenge Award, and company president, John Robbins Jr., was on hand to accept the honor. The Governor’s Quality Award is administered and presented by the Arkansas Institute for Performance Excellence. According to the Institute’s website, the award “was
As part of Notice 2015-7, the IRS issued guidance on Feb. 18 providing limited transition relief for certain premium reimbursement plans, including: Individual market premium reimbursement arrangements (PRAs), also known as employer payment plans as defined in Notice 2013-54; Medicare premium reimbursement arrangements; and, Reimbursement arrangements supplementing Tricare. The relief does not extend to stand-alone HRAs or other arrangements to reimburse employees for medical expenses other than insurance premiums, which remain prohibited as outlined in IRS Notice 2013-54.