Circumtec and Med-I-Bank, Inc. are both in the Financial Services category. Circumtec appears on bank statements in more ways (5 variations).
Circumtec is an Australian payment technology company that provides cashless payment processing for unattended equipment such as self-service car washes, laundromats, vending machines, dog washes, and amusement machines. Charges from car wash locations may appear on statements with descriptors like “Circum Wash Mentone” or similar variations.
Med-I-Bank, Inc. (doing business as MBI) is a healthcare-focused payment processor that administers electronic benefit payment cards and settlement transactions for employee health and reimbursement accounts. The descriptor “MBI SETL” on statements typically refers to a Med-I-Bank settlement related to medical or benefits payments.
| Aspect | Circumtec | Med-I-Bank, Inc. |
|---|---|---|
| Number of statement variations | 5 codes | 1 codes |
| Category | Financial Services | Financial Services |
| Typical code format | numeric codes, avg 52 chars | numeric codes, avg 16 chars |
| Location in code | Often included | Rarely included |
| Average code length | 52 characters | 16 characters |
| Website | circumtec.com.au | Not available |
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