BankAtlantic Launches New Healthcare Service with TransFirst LLC
Partnership to Aid Healthcare Practitioners, National, State and Regional Health-care Associations Lower the Cost of Healthcare
FORT LAUDERDALE, Florida – July 23, 2009 –BankAtlantic announced today it has launched a new healthcare service with TransFirst LLC (“TransFirst”)
“Everyone is striving to reduce medical costs due to the rising cost of health-care. Our alliance with TransFirst offers medical practitioners and health-care merchants a customer-centric, integrated platform for payment and medical claims processing, specialized, flexible processing programs, and dedicated customer service designed specifically to meet the unique needs of the healthcare industry,” commented Doug Freeman, EVP and Chief Corporate Banking Executive of BankAtlantic. “This partnership cements BankAtlantic as Florida’s trusted solutions partner in helping health-care practitioners and providers lower the cost of healthcare.”
Through this agreement, BankAtlantic provides intelligent solutions for medical billing and receivable problems. Simplicity, convenience, efficiency and competitive cost of services are the trademarks of TransFirst ‘s Health Services Division. TransFirst’s platform specializes in the support of dental, orthodontics, vision, veterinary, emergency, pathology, radiology, obstetrics, cardiology, and general practices. They are endorsed as a member benefit provider by dozens of national, state and regional healthcare associations. Overall benefits include:
• Increased collections and cash flow
• Improved office functionality and efficiencies
• Reduced number of days of receivables outstanding
• Expedited access to important patient information
• Reduced losses resulting from risk, liability or charge-backs
• Improved customer service
• Reduced paperwork
For further information, please contact 954-940-6328, visit with a personal banker at any of our convenient neighborhood locations, or visit us online at www.BankAtlantic.com.
About BankAtlantic:
BankAtlantic, Florida’s Most Convenient Bank is one of the largest financial institutions headquartered in Florida. Via its broad network of community branches, online banking division - BankAtlantic.com , and conveniently located ATMs, BankAtlantic provides a full line of personal, small business and commercial banking products and services. BankAtlantic is open 7 days a week with extended weekday hours, Free Online Banking & Bill Pay, a 7-Day Customer Service Center and Change Exchange coin counters.
BankAtlantic Bancorp (NYSE: BBX) is a bank holding company and the parent company of BankAtlantic.
About TRANSFIRST:
A leading provider of secure transaction processing services and payment enabling technologies, TransFirst offers innovative products and services designed with financial institution, independent sales organization, healthcare, eCommerce, government and merchant customers’ unique needs in mind. By collaborating with our customers and utilizing strong industry knowledge, we help them grow their businesses. Founded in 1995, TransFirst continues to
attain significant market share and world-class expertise in growing and profitable industry segments. Built on a platform of personal service, customer commitment and flexible pricing, TransFirst is headquartered in Dallas, Texas, and has operations facilities in Aurora, Colo., Louisville, Colo., Omaha, Neb., Kansas City, Kan., and executive headquarters in Hauppauge, New York. Company-wide, TransFirst currently processes approximately $30 billion in annual sales volume for more than 160,000 merchants and more than 1,000 financial institutions.
TransFirst can be reached at 1-800-745-2659 or at www.TransFirst.com
BankAtlantic, Florida’s Most Convenient Bank, Contact Info:
Media Relations:
Sharon Lyn, V.P.
Telephone: 954-940-6383
Fax: 954-940-5320
Email: CorpComm@BankAtlanticBancorp.com
Public Relations for BankAtlantic:
Rbb Public Relations
Sandra Fine
Telephone: 305-567-0535, Fax: 305-448-5027
Email: sandra.fine@rbbpr.com
BankAtlantic Bancorp Investor Relations:
Leo Hinkley, Investor Relations Officer, SVP
Phone: 954-940-5300, Fax: 954-940-5320
Email: InvestorRelations@BankAtlanticBancorp.com
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Except for historical information contained herein, the matters discussed in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), that involve substantial risks and uncertainties. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of BankAtlantic and BankAtlantic Bancorp, Inc. and are subject to a number of risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company’s control. In addition to the risks and factors identified above, reference is also made to other risks and factors detailed in reports filed by the Company with the Securities and Exchange Commission.
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