CardConnect Selected by Health Recovery Partners as Payment Gateway and Security Provider

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PHILADELPHIA, Jan. 7, 2014 (GLOBE NEWSWIRE) -- CardConnect, a rapidly growing payments technology company, today announced its partnership with Health Recovery Partners (HRP), a premier provider of HIPAA compliant self-pay software solutions. HRP has added CardConnect's Payment Gateway and CardSecure tokenization technology to its end-to-end healthcare self-pay platform, Decision Partner™.

By partnering with CardConnect, HRP can now provide its customers with lower costs for credit card processing and enhanced security for protecting patients' sensitive payment data.

"With abundant changes to the healthcare industry that have increased the cost of managing self-pay accounts, medical providers are increasingly seeking an easy-to-manage and low-cost self-pay software platform," said Jeff Shanahan, President at CardConnect. "We were very impressed by HRP's self-pay platform and are excited to include our technology in their end-to-end solution."

For HRP, finding the right payments solution provider was crucial. "Quite frankly, payment processing has always been a pain point for healthcare providers," said Michael Sarajian, President of Health Recovery Partners. "After learning about CardConnect's Payment Gateway, which analyzes interchange costs to ensure our customers receive the lowest rates possible, and CardSecure, the tokenization technology trusted by Fortune 500 companies, we knew we could alleviate this pain. CardConnect has made secure payment acceptance an integral part of our end-to-end solution."

Decision Partner™ is HRP's most patient-centric self-pay solution, centralizing an array of tools and activities to guarantee the highest collection rates – and, now with CardConnect, the lowest processing costs. Decision Partner™ allows the patient to create, or medical provider to automate, personalized payment plans based on each patient's ability to pay, as well as segment and manage probate, litigation, bankruptcy, and no-fault auto self-pay accounts.

Decision Partner™ is available to healthcare providers of all sizes. For more information, visit www.healthrecoverypartners.com.

About Health Recovery Partners

Health Recovery Partners provides end-to-end self-pay solutions for medical providers that want to increase the total dollars collected, reduce A/R self-pay collection costs, improve patient loyalty, and optimize their community image. HRP's unique value proposition, and the primary factor that differentiates Decision Partner™ from healthcare's current approach, is the philosophy and practice that "every patient and debt are NOT treated the same." For more information, visit www.healthrecoverypartners.com.

About CardConnect

CardConnect is a rapidly growing payments technology company that provides everything from comprehensive ERP integrations for large corporations to card acceptance platforms and terminals for small and mid-sized businesses. The company helps more than 50,000 businesses across the U.S. accept billions of dollars in card transactions each year. CardConnect's solutions include credit, debit and pre-paid card processing, ERP integration and PCI compliance. Founded in 2006, CardConnect is one of the 10 largest independent sales organizations (ISOs) of First Data Merchant Services, the world's largest electronic payment processor. For more information, visit www.cardconnect.com.

CONTACT: CardConnect Michael Starosciak mstarosciak@cardconnect.com

Source: CardConnect