SOURCE: Evolution Benefits, Inc.

May 11, 2006 12:25 ET

Acclamation Systems Selects Evolution Benefits as Their Card Technology Partner

AVON, CT -- (MARKET WIRE) -- May 11, 2006 -- Acclamation Systems, Inc. (ASI), developer of industry-leading health benefits management software, announced it has selected Evolution Benefits, Inc. (EB) as one of its preferred partners for the LuminX System. EB will provide LuminX users access to its advanced card technology platform.

"After a comprehensive review of all prepaid benefit card vendors in the market, we found Evolution Benefits' technical capabilities and vision most closely aligned with the ASI product offering and strategy. Their Benny® prepaid benefits card offers proven automated substantiation and multi-account 'stacking' capabilities -- on a single card," said ASI senior executive vice president, Ellen Milantoni. "These features will translate into significant revenue opportunities and operational savings for our customers."

According to Kevin Blank, EB executive vice president of sales, marketing and account management, "We are pleased that ASI selected us to be their preferred benefit card vendor. ASI's consumer-directed offering currently supports the administration of flexible spending, health reimbursement and health savings accounts. By using the Benny prepaid card to support multi-tiered plans and point of service substantiation, their clients will achieve significant flexibility and cost control."

The joint systems integration project is complete connecting Evolution Benefits' platform to Acclamation's LuminX System. The integrated solution is available to all current and future employee benefits administrators that use the Acclamation system eliminating the need for them to construct their own connection.

Evolution Benefits, Inc. headquartered in Avon, Connecticut, began operation in 2000 with a commitment to supporting the movement toward greater consumer choice in and responsibility for employee benefits. Its primary product, the Benny® prepaid benefits card, applies advanced payment technologies and pioneering electronic substantiation methodologies to FSAs, HSAs, HRAs, and Qualified Transportation Accounts, creating a bridge between traditional benefit structures and the evolving consumer-directed benefits movement. Evolution Benefits now powers the programs of more than 80 managed care and administrative services organizations and covers more than 3,000 employers, including 40 of the nation's top-ranked Fortune and Forbes companies. Visit www.EvolutionBenefits.com for more information.

About ASI

Acclamation Systems, Inc. delivers integrated, flexible technology solutions for employee benefits management. Since its inception in 1989, ASI continues to provide some of the world's largest insurance carriers, third party administrators and self-administered organizations with the most comprehensive, powerful benefits administration system on the market today. ASI's flagship product, LuminX, is an end-to-end, automated system designed for organizations entrusted with the responsibility of administering health and other employee benefits. To complement the LuminX system, ASI offers robust Web tools, including online eligibility and enrollment, and comprehensive reporting; full accounting capabilities; integrated technologies; and outsourcing services to enhance their clients' productivity and profitability. For more information on the company, visit www.acclamation.com or contact Alison Frederick at 412-276-4050, ext. 325.

Contact Information

  • Acclamation Systems Contact:
    Alison Frederick
    Marketing Director
    (412) 276-4050 x325
    Email Contact

    Evolution Benefits Contacts:
    Kevin Blank
    Executive V.P. Sales & Marketing
    (860) 678-3406
    Email Contact

    Anne Carpenter
    V.P. Marketing & Sales Support
    (860) 678-5561
    Email Contact