Pittsburgh University on payment technology

CHATTANOOGA: TransCard a provider of electronic payment and prepaid debit card solutions has partnered with UPMC and the University of Pittsburgh to launch an electronic solution for paying participants in medical studies.

UPMC and the University of Pittsburgh jointly developed a secure, confidential and automated application called “WePay” in order to pay research study participants. The application provides reporting and auditing capabilities to ensure compliance with all funding source requirements, improves central administration reporting and auditing capabilities, enhances existing controls and maintains participant confidentiality while complying with federal laws. Since a strict regulatory environment exists given the requirements of HIPAA, the Patriot Act, Sarbanes-Oxley and the IRS, this robust and sophisticated payment system was required in order to meet the conflicting needs.

The WePay application seamlessly integrates into TransCard to electronically distribute payments to study participants, who then use prepaid MasterCard payment cards to access their funds. Along with the integration, TransCard supports a unique method for HIPAA privacy compliance to protect cardholder confidentiality. At any given time, hundreds of studies are underway—investigating the use of medical devices, drugs and treatment options—with thousands of study participants being compensated with this MasterCard-branded payment card (replacing the manual-intensive payment methods of paper checks and cash).

“This technology improves compliance with various regulations, decreases the costs of funds distribution significantly and provides electronic reconciliation of funds for both institutions,” says Jerry Uffner, President of TransCard and a Pitt alumnus. “Our ability to quickly and smoothly integrate with UPMC and the University of Pittsburgh, while supporting a unique HIPAA-compliant solution, is a great example of our technology and willingness to develop custom solutions for our clients. I also greatly value doing business in my hometown—and with my alma mater. UPMC and the University of Pittsburgh have always been at the forefront of medical research and now they are at the forefront of payment technology. Other universities and research institutions can greatly benefit from this technology.”

UPMC and the University of Pittsburgh combined are one of the top ten recipients of grant money for medical studies within the United States. Every year, they distribute millions of dollars in payments to participants involved in these medical studies.

“What we needed beyond payroll cards was a whole suite of accounting and control processes,” says Linda Zang, Assistant Treasurer at UPMC.