NU Online News Service, Jan. 25, 2005, 5:13 p.m. EST

An Irving, Texas, payment network company has firmed up its ties with a company that sells health account payment cards.[@@]

The health card company, Med-i-Bank Inc., Waltham, Mass., has entered into a long-term processing agreement with Genpass Inc.

MBI will be using Genpass processing services to help health account program members use the money stored in flexible spending accounts, health savings accounts and health reimbursement accounts.