Tired of slow insurance payment system implementation? This article explores why insurance payment system setup takes so long (6-12+ months) and the financial impact of those implementation delays. Learn key insurance payment implementation considerations, best practices, and how choosing a fast, efficient partner can give you a competitive edge.
Insurance companies face complex compliance challenges due to unclaimed property laws, with $77B in unclaimed assets. Digital payments can reduce risks, cut costs, and improve compliance and efficiency.
When insurance carriers are choosing a payment processor, there’s a lot more to consider than just cost. Sure, price matters, but it’s just one piece of the puzzle.
Historically perceived as lagging behind in adopting modern technologies, many insurance companies are now catching up, modernizing their tools and payment processes. Change is accelerating around us, and for insurance, selecting the right tools to manage their business is not just an option; it’s a necessity for continued success in
In today’s fast-paced digital world, where cashless transactions dominate, it may seem archaic to discuss the use of checks for payments. Yet, checks are still very much in circulation, and many insurance companies rely on them for various reasons. There’s a common misconception that paying with checks is a secure
We’re thrilled to announce the addition of Finance Connect to our suite of insurance payment and reconciliation products for insurance companies. Finance Connect enables insurance companies to offer premium financing options – with their existing premium finance partners – at the point of online checkout for their insured customers. “Premium
A lot of people seem to have the misconception that implementing a digital payment option for their business is a big undertaking. In reality, not only can the process be easy, but it can also greatly enhance the customer experience. More and more consumers now have the expectation of being
ePayPolicy announced the release of Payables Connect, the newest innovation in their suite of insurance payment and reconciliation products. Leveraging ePay’s existing integrations and machine learning technology, Payables Connect completely automates the reconciliation, creation, and payment of due payables.
Bailey Specialty Risks, Inc. (BSR) recently launched CheckMate, our machine learning powered check reconciliation solution, becoming the first customer to utilize every ePayPolicy service. As a wholesale insurance MGA that offers professional lines, their journey with us has been unique, and it continues to broaden and deepen. An indirect route
As the world becomes more and more digital, online payments have become the norm–even in the insurance world. However, with the convenience of online transactions come risks. It’s important for organizations to ensure that their card transactions are secure and compliant with industry standards. When asked about data security standards
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