Metavante To Acquire Bensoft

Payments technology provider Metavante (Milwaukee) has announced plans to acquire San Diego, Calif.-based BenSoft Incorporated and its RepayMe benefits administration product for the management of consumer-driven healthcare plans.

The web-based RepayMe offering is designed specifically for TPAs, health plans and self-administrating employers seeking a solution for flexible spending accounts (FSAs), health reimbursement accounts (HRAs), health savings accounts (HSAs) and transportation (parking) accounts.

Metavante will integrate RepayMe into its existing Healthcare Payment Solutions product suite.