Sungard Relius Clients Offered Prepaid Benefits Card

November 18, 2008 ( - SunGard's Relius 125 system will offer Evolution Benefits, Inc.'s (EB) prepaid benefits card program to customers who administer Flexible Spending Accounts (FSAs), Health Reimbursement Accounts (HRAs) and Health Savings Accounts (HSAs).

According to a press release, participants can present the card at the point of service to pay for a prescription or an office visit. An authorization request is submitted electronically through the normal card authorization channels and is either approved or denied based on card-specific criteria.

The card is tied directly to all accounts, and has a “stacking” capability to prioritize real-time payment from multiple accounts. 

“EB’s technology helps streamline our consumer-directed program business and meet the increasing demand for a prepaid benefits card that can stack accounts and achieve high rates of auto-substantiation,” said Ken Simons, executive vice president and chief operating officer of SunGard’s Relius business unit, in the press release.

Relius is an integrated retirement plan recordkeeping solution used by third-party administrators, banks, insurance companies, CPAs, and corporations. It supports a variety of plan types, and has capabilities for creating illustrations for plan proposals, plan document generation, recordkeeping, and government forms reporting.

More information is at .