Bluefin and Waystar Partner for Advanced Payment Security
“When data and payments are secure, providers are able to focus on what matters most – caring for their patients and communities,” said Matt Hawkins, CEO, Waystar.
ATLANTA and LOUISVILLE, Ky. (PRWEB)
July 12, 2022
Bluefin, the recognized integrated payments leader in encryption and tokenization technologies that protect payments and sensitive data, and Waystar, the leading provider of healthcare payments software, have partnered to provide Bluefin’s PCI-validated point-to-point encryption (P2PE) solution and payment gateway through Waystar’s software.
Healthcare data breaches hit an all-time high in 2021 – tripling compared to 2018 and impacting 45 million patients – and healthcare organizations are focused more than ever on increasing payment and data security.
To advance the industry’s ability to meet growing cybersecurity challenges, the combined solution will provide Bluefin’s integrated payment processing with PCI-validated P2PE through Waystar’s HITRUST-certified healthcare payments platform, ensuring complete data security across all points of the patient financial experience, from patient access to key revenue cycle areas, like central business offices.
Bluefin’s PCI-validated P2PE solutions immediately encrypt payment data upon tap, dip, swipe, or key entry in a P2PE certified device, with encryption being done outside of the healthcare environment by Bluefin. Benefits include reduced PCI compliance scope, cost savings and protection of the healthcare brand.
“We have always been committed to safeguarding the privacy of payment information for providers and patients,” said Matt Hawkins, CEO, Waystar. “When data and payments are secure, providers are able to focus on what matters most – caring for their patients and communities.”
Named a 2022 Fortress Cyber Security award winner in the data protection category, Bluefin provides their payment and data security technologies as integrated and stand-alone solutions. The company’s PayConex™ payment gateway includes PCI-validated P2PE for point-of-sale payments and their ShieldConex® data security platform for the vaultless tokenization of Personally Identifiable Information (PII), Protected Health Information (PHI), financial information, and automatic clearing house (ACH) account data entered online.
“In an industry where security breaches and ransomware attacks are rising, payment protection is non-negotiable,” said John M. Perry, Bluefin CEO. “Our PayConex gateway ensures that all payments across Waystar’s platforms are backed by the gold standard of payment security, PCI-validated P2PE. We applaud Waystar for leading healthcare payment cybersecurity and implementing this solution to secure the data of providers and their patients.”
About Bluefin
Bluefin is the recognized integrated payments leader in encryption and tokenization technologies that protect payments and sensitive data. The company’s product suite includes solutions for contactless, face-to-face, call center, mobile, eCommerce and unattended payments and data in the healthcare, higher education, government, and nonprofit industries. The company’s 200 global partners serve 20,000 enterprise and software clients operating in 47 countries. For more information, visit http://www.bluefin.com.
About Waystar
Waystar delivers innovative technology that simplifies and unifies healthcare payments via a cloud-based platform to help healthcare providers across all care settings streamline workflows, improve financial performance and bring more transparency to the patient financial experience. Waystar solutions have been named Best in KLAS or Category Leader by KLAS Research 16 times (across multiple product categories) and earned multiple #1 rankings from Black Book Research. The Waystar platform is used by more than 500,000 providers, 1,000 health systems and hospitals, and 5,000 payers and health plans—and integrates with all major hospital information and practice management systems. On an annual basis, Waystar’s AI-powered solutions process $5B in patient payments, generate $4B in out-of-pocket estimates and process claims representing approximately 40% of the U.S. patient population. For more information, visit http://www.waystar.com or follow @Waystar on Twitter.
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