VPay is a part of Optum Financial, a division of Optum. Learn more
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The future of claim payments

Our mission is to pave the way for fast, simple, and complete claim payments.

Our commitment

Optum Financial delivers better claim payment experiences. With the insurance industry’s only payment solution, we provide new payment options and streamline every aspect of the payment process. As a result, companies trust us to create configurable payment solutions that lower costs, boost efficiency, drive higher electronic payment adoption and maximize ROI–guaranteed. 

By replacing checks with fast and secure electronic payments and remittance advice, Optum Financial simplifies the reconciliation process while also eliminating processing and management costs.

Our proprietary, best-in-class software; patented claim payment technology; and decades of financial and insurance payment expertise have made us an industry leader. We are committed to expanding that leadership by continuing to develop breakthrough payment technologies that shape business and customer trends.

VPay is now part of Optum Financial. Our shared focus, to modernize payments in healthcare and insurance has brought us together to advance and transform the way payers pay, and providers get paid.

Elisa Logan

Vice President, Growth

Our history

VPay began in 1987 as StoneEagle Services, Inc. We issued our first virtual card in 2002 for auto warranty and our first virtual card for healthcare payments in 2008. In 2010, we were awarded a patent for the Medical Benefits Payment System that is part of our healthcare virtual card solution, and we successfully defended that patent family in U.S. District Courts and the USPTO (Pat. No. US 7,792,686, reissued as Pat. Nos US RE43,904 and US RE44,748).

With more than 180 experienced employees in our Plano, Texas headquarters, we excel at supporting our clients and partners by providing the expertise they need to meet their diverse project requirements.

VPay was acquired by Optum Financial, Inc. in December of 2020.

2002

Introduced virtual claims payment cards for auto industry, helping eliminate fraud and improve payer reconciliation

2007

Introduced virtual cards for claim payments to healthcare providers

2009

Established in-house check and ACH processing, treasury management platform and provider relations call center

2012

VPaid® trademark issued

First workers comp virtual card payment made

2014

Granted a broadening of the medical benefits payment system patent (Pat. No. US RE44,748)

2016

Over $10 billion in payments processed for clients in multiple insurance segments

2020

Released mobile expedited payments for claimants and members.

Acquired by Optum Financial, Inc.

2006

Applied for medical benefits payment system patent

2008

Optum Financial trademark issued

First healthcare virtual card payment made

Built issuing card processor platform, authorizing all virtual cards issued by Optum Financial through the Mastercard network

2010

Virtual Card trademark issued

Granted patent for (Pat. No. US 7,792.686) medical benefits payment system (Reissued as Pat. No. US 43,904)

2013

First consumer directed health virtual card payment made

2015

Jury awards Optum Financial judgment against a competitor for infringement of Patents

2018

Optum Financial receives NACHA certification

Introduced mobile expedited payment solution

2021

HITRUST CSF certified

2002

Introduced virtual claims payment cards for auto industry, helping eliminate fraud and improve payer reconciliation

2006

Applied for medical benefits payment system patent

2007

Introduced virtual cards for claim payments to healthcare providers

2008

Optum Financial trademark issued

First healthcare virtual card payment made

Built issuing card processor platform, authorizing all virtual cards issued by Optum Financial through the Mastercard network

2009

Established in-house check and ACH processing, treasury management platform and provider relations call center

2010

Virtual Card trademark issued

Granted patent for (Pat. No. US 7,792.686) medical benefits payment system (reissued as pat. no. US 43,904)

2012

VPaid® trademark issued

First workers comp virtual card payment made

2013

First consumer directed health virtual card payment made

p2014

Granted a broadening of the medical benefits payment system patent (pat. no. US RE44,748)

2015

Jury awards Optum Financial judgment against a competitor for infringement of patents

2016

Over $10 billion in payments processed for clients in multiple insurance segments

2018

Optum Financial receives NACHA certification

Introduced mobile expedited payment solution

2020

Released mobile expedited payments for claimants and members. Acquired by Optum Financial, Inc.

2021

HITRUST CSF Certified

Certifications

Certifications are one of the critical benchmark measures that provide a level of confidence regarding specific functions. Optum Financial has been recognized for our security accomplishments by the following accreditation and validation organizations.

Partners

Join our team and help us build the future of claim payments.