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MOBILE & TELECOMMUNICATIONS | Telecom Devices & Equipment

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Founded Year




Total Raised


Date of IPO


About Envoy Systems

Provider of electronic transaction processing services for the financial services and healthcare markets. The company captures transaction data electronically at the point-of-service, delivers the data to the appropriate on-line processor for authorization or verification, responds back to the user in a timely manner, and stores the data for end-of-day settlement and reporting. In the financial services market, the company provides banks and merchants with an electronic transaction processing service for a variety of credit, debit, and travel cards. Electronic transaction processing speeds consumer checkout, reduces fraud, lowers merchant transaction costs, and facilitates merchant-to-bank settlement. The principal service currently provided in the healthcare market is the electronic capture and transmission of pharmacy insurance claims to third party payors for on-line eligibility verification and adjudication (i.e. settlement of claims). Electronic transaction processing reduces insurance claim paperwork, verifies cardholder benefits & deductibles, and helps control fraudulent claims and accelerates payment to healthcare providers.

Envoy Systems Headquarter Location

1432 Main Street

Waltham, Massachusetts, 02451,

United States


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