Sisk, Michael
October 2005
Bank Technology News;Oct2005, Vol. 18 Issue 10, p25
Trade Publication
The article discusses health savings accounts (HSA) in the context of banks in the U.S. According to John Reynolds, business director for Wells Fargo's health-benefits service, HSAs will be a fundamental banking product in few years. He feels that it is a rarity in banking to have a brand-new product opportunity. HSAs are transactional accounts, so there must be technology that offers easy access, while sweeping the assets into investments such as mutual funds. Thus technology providers are seizing the opportunity by providing new solutions.


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