Omaha, NE, Sept 17, 2008 /PRNewswire/ -- PayFlex Systems USA, Inc., a leading administrator for employee benefit programs, today announced that Steven Franzen has been named Chief Information Officer (CIO) for all PayFlex operations. Franzen will be responsible and will oversee all technology areas including software development and network infrastructure.

Mr. Franzen brings more than 20 years of experience focused in the technical and software development arenas. Most recently, he served as the senior engineer over client systems at publicly traded Union Pacific, a Fortune 200 Corporation, with a market cap of over $30 Billion. During his tenure with Union Pacific, Mr. Franzen was responsible for leading the transition from outdated technologies to highly functional, streamlined, and cost-effective technologies. “I am thrilled we are able to have someone of Steve’s caliber and background join our team, said Mark Huber, President and CEO of PayFlex. With his experience and our proprietary platform that has emerged as the industry leader, we are exceptionally well positioned to continue our growth and market leadership stature.”

“This is an exceptionally exciting time for both me and the industry,” said Steve Franzen, new CIO of PayFlex. As I evaluated the benefit administration technology market and landscape, it was quite evident that PayFlex has invested a substantial amount of resources into their technology platform and are well ahead of the market in terms of reliability and sophistication. This commitment to technology combined with the new growth opportunities that are emerging in the consumer directed health care arena attracted me to pursue the opportunity at PayFlex.

Prior to the his role at Union Pacific, Mr. Franzen also served as the Lead Information Services Engineer at Mutual of Omaha, another Fortune 500 company known for their technology excellence. In his role at Mutual of Omaha, Franzen was responsible for designing the entire corporate messaging and collaboration infrastructure that supported their 24x7 “always open” business model.

“We attribute much of our success at PayFlex to our proprietary system and platform which was built and implemented over two years ago by our technology team,“ added Huber, “We believe we can not only sustain our consistent high growth pattern, but also become the National Brand for all reimbursement accounts if we continue to invest in our technology solution and make it easy for Fortune 500 clients to work with us. Steve’s experience will be invaluable as we look to the future technology needs of the market.

ABOUT PAYFLEX

PayFlex (www.payflex.com) is a leading nationwide provider of administration for employer benefit programs with 20 years of experience. PayFlex provides a broad range of services to several thousand employers including many Fortune 500 companies that employ several millions of employees. PayFlex services include FSA, HRA, HSA, Commuter, Dependent Care, along with COBRA and Retirement reimbursement. PayFlex is headquartered in Omaha, NE, with 14 locations nationwide. For more information, please call Rob Butler, Chief Marketing Officer, at 630 325 6953.