Edifecs Announces New License Agreement With First Data

Edifecs, Inc., the leading provider of B2B solutions for transaction-based interoperability, today announced it has entered into an agreement to license Edifecs SpecBuilder, XEngine, Healthcare Transaction Repository (HTR) and Transaction Manager solutions to First Data Healthcare Services, part of First Data Corp. First Data, a leader in the electronic commerce and payments industry, will incorporate these Edifecs products into its healthcare processing system to enable real-time transaction processing for provider and payer customers.

Edifecs SpecBuilder, XEngine, HTR and Transaction Manager are part of the Edifecs Healthcare Suite, which provides mission-critical solutions for reducing friction in the transaction lifecycle for healthcare and healthcare-affiliated organizations.

“We are extremely gratified that First Data, a global leader in the transaction processing arena, has selected our products to be an integral part of their healthcare services solution,” said Sunny Singh, CEO of Edifecs. “We strongly believe that First Data will bring general industry best practices to healthcare, especially in the light of rapidly emerging Consumer Driven Healthcare markets. We are very pleased to have been chosen by the First Data team.”

“Edifecs products will give us the flexibility and scalability to meet the needs of our customers,” said Beverly Kennedy, President of First Data Healthcare Services. “The Edifecs Healthcare Suite is an important component of our strategy to provide market-leading products and services that solve one of the toughest problems in healthcare — real-time payment for services.”