Predict your next investment

MOBILE & TELECOMMUNICATIONS | Telecom Devices & Equipment

See what CB Insights has to offer

Founded Year

1983

Stage

IPO | IPO

Total Raised

$12.7M

Date of IPO

5/23/1991

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

(617)890-1444

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.