SANFORD, FL--(Marketwired - Nov 12, 2014) - The MSA Holding Company, LLC (MSA Holding), and Wildcard Consulting, Inc., today announced a formal agreement through which Wildcard Consulting would design the architectural structure and payments networks for MSA Holding that will support the needs of Medicare Set-Aside (MSA) beneficiaries.
"The average MSA-Set Aside recipient often lacks the proper financial tools to manage MSA funds, which can have devastating effects such as potentially causing the loss of Medicare benefits," said MSA Holding Company CEO, Robert Barson. "We believe the product we design with Wildcard Consulting can address this issue and make compliance a non-issue for Medicare Set-Aside recipients."
Recipients of worker's compensation Medicare settlement benefits are responsible for meeting Center for Medicaid and Medicare Services (CMS) compliance standards as they provide for their medical needs with the funds from their Medicare Set-Aside accounts. The MSA administration industry is constantly seeking more convenient ways to conduct business, manage records and track authorized Medicare benefit spending while focusing on the prevention of unauthorized spending, regulatory compliance, and the administration of federally required record-keeping.
"This agreement marks an integral step for The MSA Holding Company's consumer-facing initiatives," added Robert Barson. "Wildcard Consulting brings an impressive track record of product development, technical integration and successful commercial deployment. We are confident that their extensive industry knowledge and expertise will provide the means through which we can reduce costs as well as deliver something from which our society will greatly benefit."
Wildcard Consulting executives are among the world's most tenured financial services and payment professionals. Their vast expertise includes providing guidance, thought leadership and management to both international and regional commercial banking institutions, IT development organizations, in addition to working directly with various government agencies such as the FDIC, the Federal Reserve, OCFI, and a host of mortgage and loan servicers of all sizes. Of note is that Wildcard CEO Travis Dulaney developed and implemented the very first international prepaid card program between Dominican Republic, Mexico and the United States.
"We are honored to have been selected by MSA Holding Company for an initiative of such significance," said Wildcard Consulting CEO, Travis Dulaney. "The product we develop will not only address a unique need in the medical payments marketplace, but will also provide an invaluable service to Medicare Set Aside beneficiaries. Individuals shouldn't have to think about how, where and when they pay; payments processes should be designed to be seamless and effortless, with only the user in mind.
"Being selected to build something that has never been built before is a perfect fit for us; designing new and disruptive payment technology is part of our DNA."
About The MSA Holding Company, LLC
The MSA Holding Company, LLC was formed to create solutions that service the needs of injury victims struggling to manage post settlement Medicare Set Aside accounts while reducing the risks payers of claims may be exposed to through mismanagement of these MSA funds.
The founders of The MSA Holding Company are executives and settlement professionals with over 40 years of combined experience funding and administering Medicare Set Aside accounts on behalf of injury victims and their families.
About Wildcard Consulting
Wildcard Consulting is a mobile & payments product architectural firm dedicated to the evolution of the payments industry. With over 20 years of experience in the financial services industry providing leadership, strategic direction and innovation, Wildcard builds our clients' visions for their products and services, as they deal with an ever-changing financial services landscape.
Wildcard designs, develops and implements payments products, banking and financial services systems and platforms for clients all over the world.
Contact Information:
CONTACT:
Robert Barson
CEO
(888) 336-0060