of Card Programs
There are several dozen types of prepaid cards. UVG primarily focuses on the handful of types described here:
Pharmacy Prepaid Cards
UVG focuses on one type of healthcare card, which is the pharmacy prepaid card that combines any type of prepaid card with a pharmacy discount card. Because most pharmacy discount cards simply print various numbers on the physical card, and are not linked to any accounts, UVG is essentially creating a white label prepaid program for a client who is a pharmacy discount card company.
Other types of healthcare cards include pre-tax benefit cards used to pay for current or future medical expenses. These are typically linked to Flexible Spending Accounts (FSA), Healthcare Reimbursement Accounts (HRA), or Health Savings Accounts (HSA). UVG plans to have such cards available in approximately 1 year.