InsurTech Pioneers, ePayPolicy & Veruna, Ink Integration

by News & Updates

AUSTIN, TX– June 16, 2020 –  ePayPolicy and Veruna have entered into a vendor-partner agreement to add the digital payment processing capabilities of ePayPolicy to the Veruna AMR, the company’s open-platform agency management system (AMS).

Both companies are InsurTech pioneers, redefining how independent insurance agencies conduct business through the innovative development and application of technology, and are committed to greater agency control and paperless operation.

ePayPolicy is on a mission to replace paper checks with convenient, simple, online payments via credit card or ACH. While digital payments are ubiquitous across the spectrum of consumer and business transactions, insurance has traditionally been slow to offer alternatives to checks — even though most are using an AMS to automate other aspects of the business. ePayPolicy gives policyholders the convenience of digital payment options while handling the specific accounting, compliance, and reporting requirements of independent agents and brokers.

“To reach today’s independent agents, it’s essential that we integrate with the agency management systems that are continuing to develop agency first solutions,” said Milan Malkani, ePayPolicy co-founder. “Veruna offers an exciting, innovative AMS that’s feature-rich. We’re honored to be named as their integration partner for payment processing.”

“Our goal is to help agencies outperform the past,” said Jennifer Carroll, CEO of Veruna. “We are in tune with their evolving needs in an ever-changing world, and the Veruna AMR offers agencies a robust, yet nimble, suite of management functions. Digital payment processing is a welcome and timely addition, and ePayPolicy is the perfect partner for us.”

The Veruna platform revolutionizes agency operations and makes higher levels of productivity possible with the ability to make more rapid, informed decisions utilizing real-time data, robust analytics, and automated workflows. By coupling exceptional technology with industry expertise, Veruna delivers an AMS designed to meet the needs of modern insurance agencies by enhancing mobility, flexibility, customization, and integration capabilities.

“ePayPolicy is redefining insurance payments, and Veruna is redefining agency management,” said Carroll. “I see exciting implications for forward-thinking agencies — and our clients.”

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About Veruna
Veruna delivers the insurance industry’s only modern agency management system (AMS) built on the Salesforce platform and capable of driving quicker decisions using real-time data, robust analytics, and automated workflows with increased mobility, flexibility, customization, and integration all backed by the expansion capabilities inherent to the Salesforce AppExchange. For more information, visit veruna.com. 

About ePayPolicy
ePayPolicy is the simplest way to collect digital insurance payments. Austin, Texas-based ePayPolicy is the nation’s foremost provider of payment processing developed exclusively for independent agencies, brokers/MGAs and premium finance agencies. The company’s  innovative electronic payment processing portal enables its clients to accept  payment via credit card or ACH, without messy merchant accounts or hidden fees. ePayPolicy sets up quickly, integrates seamlessly with leading management systems, and is endorsed by independent insurance associations nationwide.
To find out more visit epaypolicy.com.

ePayPolicy Partners with Novidea’s SMART Management System

by AMS IntegrationsNews & Updates

AUSTIN, TX – June 9, 2020 –  ePayPolicy now integrates with Novidea’s SMART AMS. ePayPolicy will extend e-payment capabilities to users of the cloud-based, Salesforce-powered agency management system that leverages automation and AI to help agencies scale faster and more efficiently than ever before.

ePayPolicy enables independent insurance agencies to collect payments instantly via credit card and ACH. The company’s digital payment portal is designed for independent insurance agents and brokers to handle their industry-specific  accounting, compliance and reporting requirements. Equally important, it’s convenient for customers. Policyholders can pay from any device, anywhere. They no longer need to track down a checkbook and wait for their check to clear, and for those trying to earn credit card points, they can do so on every transaction. Agents can bind policies faster and replace aging receivables with instant payment.

Milan Malkani, ePayPolicy Co-Founder, stated: “We have always advocated InsurTech solutions beyond our own, especially technology-driven agency management systems that utilize data to excel the workflow of today’s on-the-go agent . It’s exciting to be part of the Novidea SMART AMS, along with other integrated providers of AI-based SMS technology, digital marketing and e-signatures, to name a few.” 

Integration with popular agency management systems is essential to ePayPolicy’s growth strategy. Said Malkani, “We go where the action is. Whatever AMS your agency is using, ePayPolicy wants to be part of it.”

Novidea GM, Eric Ayala commented: “We created the SMART AMS to help agencies get to the future today. By selecting partners like ePayPolicy, we showcase how our open API architecture can easily integrate with best of breed new technologies, and further demonstrates our vision to help agencies scale by automating all processes. These capabilities go well beyond the typical AMS.”

Malkani concluded: “Digital payment is the norm in consumer and most business transactions today. ePayPolicy’s goal is to make it the norm in agency/customer transactions. We thank the Novidea team for not only choosing us, but promoting ePayPolicy along with the other Novidea-developed and integrated insurance agency capabilities available with the SMART AMS. ”

About Novidea
To compete in the digital economy, insurance agencies have to futurize – and fast. They must be able to offer the kind of customer experiences today’s consumers expect. But transforming an entire business at once seems radical, not to mention impossible with existing AMSs. Novidea makes it possible and painless for any agency. Our radical idea? The Smart AMS. It’s a cloud-based system like no other, designed to modernize every aspect of your business. From digital marketing to AI-based SMS to real-time analytics and self-service portals – nothing gets left behind. And you can offer the any-time, any-device experience your customers demand. A Salesforce Ventures portfolio company, Novidea operates in 16 countries globally and is now launching in the US.

For more information visit novideasoft.com

About ePayPolicy
ePayPolicy is the simplest way to collect digital insurance payments. Austin, Texas-based ePayPolicy is the nation’s foremost provider of payment processing developed exclusively for independent agencies, brokers/MGAs and premium finance agencies. The company’s  innovative electronic payment processing portal enables its clients to accept  payment via credit card or ACH, without messy merchant accounts or hidden fees. ePayPolicy sets up quickly, integrates seamlessly with leading management systems, and is endorsed by independent insurance associations nationwide. 

To find out more visit epaypolicy.com

The Indie Agents Guide to The Coronavirus Relief Options

by News & Updates

New Options Available For Your Insurance Agency  

Most insurance agents and agencies could consider themselves small businesses. Thanks to the recent CARES act, signed into law by the President on Friday, March 27th, there are four new funding options available to small businesses. These are temporary but necessary programs established to support businesses affected by Coronavirus. We’ve gathered a bit of helpful information for your agency to consider. 

So, What’s the Government Doing Exactly?

Here it is in a nutshell. They are offering:
1. A Paycheck Protection Program (PPP) – expanding one of their traditional loan programs and forgiving businesses for retaining employees
2. Economic Injury Disaster Loans – providing up to $10,000 advance loan if your business is facing temporary difficulties
3. SBA Express Bridge Loans – allowing businesses to get a quick $25,000 if they have a current SBA Express Lender relationship
4. Debt Relief – affording financial reprieve to small businesses


Here it is, in less of a nutshell.

Where to Start

When our friends at Broker Buddha reached out to let us know they developed a Paycheck Protection Program (PPP) resource, we were excited to share it with you! Not only because it’s backed by a fellow InsurTech leader, but because this is one of the primary loans independent agencies should apply for. It benefits small businesses who have focused on keeping their employees on payroll – we love that. 
When it comes to the PPP, the 31 pages of guidelines are just the start. Our best find for an overview is on Marketplace, where they dive into some major details like who can apply, where to apply, and some basic terms of the loan. They also emphasize that you should apply ASAP since there is a funding cap.
The application can be submitted “to any SBA lender or any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating,” according to Janet Nguyen with Marketplace. But those institutions haven’t made it easy.

I’ve Got Friends in “Loan” Places

Thankfully, Broker Buddha did make it easy. They designed an entire PPP Loan Smart Form application to make the process “easier and far less time-consuming for businesses to complete.” 
Their resource makes it simple to apply for this loan, and includes instructions throughout the process – something the original PDF application did not provide. They also offer this service free to all agencies, even those not using the Broker Buddha platform.
We highly recommend your agency apply for a PPP Loan if you have prioritized keeping your team employed. Using the free access Smart Form to apply will simply make that experience better!

West Virginia Association Chooses ePayPolicy As Digital Payment Processor of Choice for its Members

by News & Updates
AUSTIN, Texas, January 22, 2020 – ePayPolicy is proud to announce its latest state insurance association endorsement. Independent Insurance Agents of West Virginia (IIAWV)  recently named ePayPolicy as the recommended payment processing provider for its member agencies. IIAWV CEO Traci Nelson explained: “Our mission is to provide members with the tools they need to serve their clients and build their business. Technology is a huge driver of operational success. With ePayPolicy, our members get industry-specific payment technology that serves a dual purpose of increasing agency efficiency and increasing client satisfaction. That’s the kind of win-win we strive to deliver to IAWV members.” ePayPolicy Co-Founder Todd Sorrel commented: “Digital payment is more than today’s reality, it’s today’s standard. Policyholders are consumers, and they’re used to paying by credit card or ACH. ePayPolicy enables IIAWV members to offer digital payment in lieu of check, thus speeding up policy binding and receivables. The platform also integrates with most agency management systems (AMS) and includes the fiduciary and other accounting and reporting capabilities specific to our industry.” IIAWV is the 29 state association of independent insurance agents to endorse ePayPolicy.  Concluded Sorrell: “We’re always excited to partner with fellow technology evangelists. IIAWV recognized long ago that technology is the future of our industry. In fact, in 1999 (the association’s 100-year anniversary), their published history stated: ‘Even as we are in the midst of enormous operational and cultural change, we have come to view such dramatic change as commonplace and take it for granted. When we stop to think about the degree of change that engulfs and propels us, it is just short of unbelievable.’ They also recognized that ‘computerized operations have evolved from a novelty to a necessity.’ Two decades later, InsurTech continues to drive our industry forward. We’re delighted to extend ePayPolicy’s solutions to IIAWV members and to their clients.” About IIAWV With roots dating back to 1899, the Independent Insurance Agents of West Virginia (IIAWV) is the state’s oldest and largest insurance trade organization. IIAWV is an affiliate of the Independent Insurance Agents and Brokers of America, Inc. (IIABA), the largest property and casualty insurance producers organization in the world. IIAWV is a strong and committed advocate for more effective representation of independent insurance agents and consumers with both the state and federal legislatures. The association offers its members a variety of products, educational programs and services to increase their effectiveness and give them a professional edge in today’s competitive business environment.  Learn more at https://www.iiawv.org/default.aspx About ePayPolicy ePayPolicy is the simplest way to collect digital insurance payments. Austin, Texas-based ePayPolicy is the nation’s foremost provider of payment processing developed exclusively for independent agencies, brokers/MGAs, and premium finance agencies.  The company’s innovative electronic payment processing portal enables clients to accept credit card or ACH without messy merchant accounts or hidden fees. ePayPolicy sets up quickly, integrates seamlessly with leading management systems, and is endorsed by independent insurance associations nationwide.  To find out more visit https://epaypolicy.com

ePayPolicy Poised for Growth with Serent Capital Investment

by News & Updates
AUSTIN, Texas, January 8, 2020 – Electronic payment processing company ePayPolicy has received a significant investment from Serent Capital, a San Francisco- and Austin-based private equity firm focused on investing in high-growth technology and services businesses. ePayPolicy, an industry leader in electronic payment solutions for the independent insurance industry, will leverage the Serent funding for continued product enhancements, integration with the most widely used agency management systems (AMS), and accelerated growth. Since its founding in 2014, ePayPolicy has been a proactive proponent of technology adoption by the insurance industry (“insurtech”). Specifically, the company has been on a mission to replace paper checks by enabling policyholders to pay electronically via credit card or ACH.  Today ePayPolicy processes over $2 billion in payments annually, serving 2,300 independent agents, brokers, MGAs, and premium finance companies in the Excess & Surplus (“E&S”) insurance market. Some 28 Big “I” (Independent Insurance Agents and Brokers of America) state associations endorse ePayPolicy as their digital payment processor of choice for their members.  “This investment from Serent is a game-changer in our ability to strengthen our brand presence across the industry, integrate with even more agency management systems and take our platform to the next level in user (agency) and end-user (policyholder) experience,” said Todd Sorrel, Co-Founder of ePayPolicy. Leonis Partners advised ePayPolicy on capital raising strategy. Kevin Frick, Partner at Serent Capital, explained the firm’s decision by saying, “We knew immediately ePayPolicy would be a great fit for Serent. Their stellar reputation and innovative, industry-specific technology stood out. Their client satisfaction scores are exceptional and their references prove the most important point – they deliver.” “We’re incredibly excited to partner with Co-Founders Todd Sorrel and Milan Malkani to expand ePayPolicy’s market reach and continue to drive exceptional value for their clients and the insurance industry as a whole,” concluded Frick. About Serent Capital Serent Capital invests in growing businesses that have developed compelling solutions that address their customers’ needs. As those businesses grow and evolve, the opportunities and challenges that they face change with them. Principals at Serent Capital have firsthand experience at capturing those opportunities and navigating these difficulties through their experiences as CEOs, strategic advisors, and board members to successful growing businesses. By bringing its expertise and capital to bear, Serent seeks to help growing businesses thrive.  For more information on Serent Capital, visit www.serentcapital.com About Leonis Partners Leonis Partners serves as a full-service advisor to entrepreneur-led technology businesses. Calling on decades of experience from some of the largest leading global financial institutions, Leonis crafts highly calibrated solutions to achieve their clients’ needs as they pertain to M&A, capital raising, fairness & valuation opinions, and other special situations. Leonis Partners’ experience and track record in these core areas provide clients with superior results. The firm is headquartered in New York. For more information visit http://leonispartners.com/ About ePayPolicy ePayPolicy is the simplest way to collect digital insurance payments. Austin, Texas-based ePayPolicy is the nation’s foremost provider of payment processing developed exclusively for independent agencies, brokers/MGAs, and premium finance agencies. The company’s innovative electronic payment processing portal enables clients to accept credit cards or ACH without messy merchant accounts or hidden fees. ePayPolicy sets up quickly, integrates seamlessly with leading management systems, and is endorsed by independent insurance associations nationwide. To find out more visit https://epaypolicy.com ###

OIA Endorses ePayPolicy for Digital Payment Processing

by News & Updates
We Welcome Ohio to Our Endorsers List  AUSTIN, Texas, November 21, 2019  –Ohio Insurance Agents (OIA) has named ePayPolicy as its electronic payment processor partner. The partnership offers OIA members a special signup offer on ePayPolicy services, which enable them to improve their customer experience by accepting credit card and ACH payments online. “Independent insurance agents are embracing technology at a rapid pace. We’re here to help them meet increasing consumer demand for digital forms of payment. ePayPolicy makes online payments simple and seamless — for the consumer and for the agency,” said Todd Sorrel, ePayPolicy co-founder. “We’ve eliminated the traditional barriers like pesky merchant accounts and long-term contracts. Plus, with ePayPolicy agents and brokers can get setup in 2 – 3 business days.” According to OIA’s chief executive officer, Jeff Smith, JD, CIC CAE, “We have high standards for the products we recommend to our members. Partners must be agent-friendly champions of the independent agency system, as well as best in their class. ePayPolicy scores 100 percent on all measures.” Concluded Sorrel: “Selection by OIA significantly broadens our penetration within Ohio and elevates our profile across the country. We appreciate their confidence in our abilities. We look forward to enhancing the insurance-buying experience for consumers and to supporting OIA members’ tech-enabled growth. Online payment is a big step forward for all involved in these goals.” Bring seamless online payments to your agency Agents who want to join OIA, or learn more about ePayPolicy and the other benefits and resources available to them through an OIA membership should visit www.ohioinsuranceagents.com/agent or call (800) 555-1742. About Ohio Insurance Agents (OIA) Ohio Insurance Agents Association (OIA) is the collective voice of 1,200 independent agencies that employ nearly 10,000 Ohioans and protect hundreds of thousands of Ohio consumers through personalized insurance plans. OIA members write 82 percent of the commercial insurance policies and 44 percent of personal insurance policies in Ohio.  OIA promotes, progresses and protects the professional advice and guidance only independent insurance agents provide. The company helps agents by providing professional consulting services, agency valuation and succession planning, operational benchmarking reports, and other business solutions and industry thought leadership. For more information visit  https://www.ohioinsuranceagents.com/ About ePayPolicy ePayPolicy is the simplest way to collect digital insurance payments. Designed for independent agents, brokers, MGAs, premium finance companies, and their clients, their innovative electronic payment processing portal enables clients to accept credit card or ACH without messy merchant accounts or hidden fees.  ePayPolicy sets up quickly, integrates seamlessly with leading management systems, and is endorsed by independent insurance associations nationwide. To find out more visit ePayPolicy.com.

The Real Value Of An Instagram Like For Your Agency

by News & Updates

If No One Can See My Likes… Does My Content Really Count?

Last week Instagram announced that they would be getting rid of the “likes” feature on the app for users in the U.S, in other words no one will be able to see how many likes your posts get. However, you will still be able to view the like count within your own account. This may not come as a huge surprise since Instagram started testing out this change back in July in Australia, Brazil, Canada, Ireland, Italy, Japan and New Zealand. This update will begin as a test to some users in the U.S this week before the change becomes more permanent. 
So what’s the deal, Instagram? What’s so wrong with those little hearts? Instagram CEO, Adam Mosseri said the reason behind this big change is, “about creating a less pressurized environment where people feel comfortable expressing themselves.” This update will serve as a way for users to concentrate on the posts and interacting with the app rather than just focusing on the amount of “likes” their post may garner. 
It seems Instagram’s reasoning behind this change is pretty valid and may prove to be beneficial to its users, but what will this mean for your marketing efforts for your insurance agency? Well, that depends on your social strategy.  Many companies and brands who want to work with influencers use the number of likes from posts to determine if they have enough “influence” with their audience. The update to remove likes will now require more work from the company or brand’s side to look further into whether an influencer is worth the investment. However, like most insurance agencies if you don’t rely on influencers and are providing great content get ready to roll up your sleeves.

It’s Time To Get To Work!

If you want your content to stay in your followers’ feed, this update will challenge your content strategy (and all Instagram content producers for that matter) to create quality content that does not rely on the “group influence effect” to receive engagement. Your content will need to capture and keep your followers’ attention and focus on the point you’re trying to convey.
If you’ve been waiting to up your Instagram game and really display your creativity, now is a perfect time! No more “like” comparison, it will be a level playing field for everyone on Instagram.

Finding The Perfect Payment Processor For Your Agency

by News & Updates
“It’s not us, it’s you.” Several insurance agents that use large payment processors (operate in multiple verticals) have reported being kicked off their payment processor, with no other explanation than “our product is not a good fit for your industry.” Well, their loss is potentially your gain. We can’t tell you exactly why these companies are rejecting business from the insurance industry. But we have some educated guesses. Even better, we have a solution! First and foremost, the insurance industry is highly regulated and involves a lot of tracking funds for compliance purposes. Some payment processors are designed for straight sales transactions. They simply can’t handle the additional levels of accounting and code compliance the insurance industry demands, in other words, they don’t speak insurance. “Not a good fit” is their way of admitting they’re not set up for a complex, regulation-driven industry like insurance. Here are some likely reasons why they might be rejecting business from insurance agencies:

Insurance Code Mandates and Trust Account Management

Most vendors who use a large multi-vertical payment processor have a simple business model: receive payment in exchange for goods or services provided. It’s straightforward. No fancy accounting required. Think coffee shops, digital storefronts, hotdog guy at the block party. But not the insurance industry. As you know, premium payments in some states are subject to insurance code regulations. When you receive premiums you are operating in a “fiduciary” capacity. You are not the “owner” of the premiums paid but are acting as a fiduciary of those funds.  As such, you must keep premiums in separate trust accounts that are segregated from the agency’s business operating funds. This is to protect premium funds from agency creditors. And you can’t take them out of the trust account without proper documentation of the commission earned and an audit trail, either. Truth be told, general payment processors are not set up for this level of sophistication. Volume, yes. Sophisticated accounting, no. Trust account (TA) management is a huge responsibility with potentially heavy consequences. You need a payment processor that understands the “ins and outs” — which, for insurance agents, involves more than simply depositing money from the client into your agency account, or even passing it directly through to the carrier! Terms like net funding and premium funds should sound familiar. 

State Compliance and Regulations 

Each state has its own set of regulations for selling insurance. The requirements in Ohio may be different from those in New York, California or Florida. That’s one reason why the trusted choice / BIG I associations are so valuable. They keep you on track to maintain compliance with any and all state-specific mandates. Needless to say, the big global payment processing companies are not operating at this micro (state regulations) level.  But you are. And so are we at ePayPolicy. We maintain close relationships with the Big I / Trusted Choice state insurance associations nationwide and are in the process of getting all 50 states endorsements. Their stamp of approval is their way of saying, “This vendor gets it. We trust them. You should, too.”

An insurance Industry-Specific Solution

I’ve kind of hinted at the solution in the “issues/problems with general payment processors” sections above. Yes.  I am talking about ePayPolicy — the insurance payment processing platform built specifically for independent insurance agents. We are not a general-purpose payment processor. We are a payment processor that was built by insurance professionals for insurance. We work exclusively with and for the insurance industry. By focusing on your business needs, as well as the highly regulated nature of insurance, we have created an ecosystem that streamlines your operations while ensuring compliance across the board. Check out ePayPolicy. We make collecting credit card and ACH payments as easy as possible and to get started takes only 5 minutes. 

IIARI Endorses ePayPolicy for Digital Payment Processing

by News & Updates


AUSTIN, Texas, October 10, 2019 – ePayPolicy has been named as the approved payment processing provider by the Independent Insurance Agents of Rhode Island (IIARI). The company joins a select group of vendors endorsed by IIARI to provide agency services to its members. 

IIARI Executive Vice President Mark Male commented: “A central part of our mission is to enhance our members’ competitive position. Consumers today want the convenience of paying for purchases electronically. We researched payment processors and chose ePayPolicy because their platform is insurance-specific. They really understand the special needs of our industry.”

ePayPolicy Co-Founder Todd Sorrel concurred, stating: “We are more than just InsurTech geeks. We are insurance entrepreneurs helping insurance entrepreneurs give their clients better service. We live in an increasingly digital world. Our goal is to help IIARI’s members embrace all the client-nurturing and business growth opportunities afforded by digital technology.”

Endorsement by IIARI will expose ePayPolicy to the 140 agencies that write 82 percent of Rhode Island’s commercial policies and 39 percent of all personal insurance policies. IIARI members who implement ePayPolicy will discover a true business partner to help them speed up receivables, streamline their operations, and offer clients modern payment convenience.

IIARI is the 30th  state association of independent insurance agents to endorse ePayPolicy. 
Concluded Sorrell: “We rely on trusted associations like IIARI to open the door to independent agents who can benefit from electronic payments. We look forward to serving their members as we continue to spread the InsurTech gospel nationwide.”

About IIARI
The Independent Insurance Agents of Rhode Island (IIARI) is a trade association established July 25, 1900. IIARI membership includes most every independent agency in Rhode Island who employ nearly 1,400 individuals.

IIARI is an affiliate of the Independent Insurance Agents and Brokers of America, Inc. (IIABA), the largest property and casualty insurance producers organization in the world. IIARI membership automatically includes membership in IIABA and participation in the Trusted Choice consumer brand.

IIARI’s mission is to enhance the competitive position and satisfy the business, professional, education and political needs of member agents.

Learn more at: https://www.iiari.com/default.aspx

About ePayPolicy
ePayPolicy is the simplest way to collect digital insurance payments. Austin, Texas-based ePayPolicy is the nation’s foremost provider of payment processing developed exclusively for independent agencies, brokers/MGAs, and premium finance agencies.  The company’s innovative electronic payment processing portal enables clients to accept credit card or ACH without messy merchant accounts or hidden fees.  ePayPolicy sets up quickly, integrates seamlessly with leading management systems, and is endorsed by independent insurance associations nationwide. 

To find out more visit https://epaypolicy.com
The company’s annual InsurTech Agency Award recognizes independent insurance agencies/brokerages for leveraging technology to enhance their sales, marketing, and customer service. Details and call for entry are at https://www.insurtechaward.com/

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Missouri Association of Insurance Agents endorses ePayPolicy

by News & Updates

AUSTIN, Texas, October 8, 2019 – The Missouri Association of Insurance Agents (MAIA) has named ePayPolicy as its preferred provider for electronic payment processing. The endorsement means MAIA members will have access to an industry-exclusive platform to  accept credit card and ACH payments online, with transaction fees passed on to the payer. This endorsement brings the number of state insurance associations recommending ePayPolicy as the preferred payment processor to over 28!

ePayPolicy co-founder Todd Sorrel commented: “We developed ePayPolicy with the needs of independent agents/brokers in mind. It’s validating that MAIA shares our goal of bringing InsurTech solutions to Missouri’s independent agents. MAIA members looking to offer online payment convenience to their clients, speed up receivables and bind policies faster have a true partner in ePayPolicy.”

Said Matt Barton, MAIA CEO: “We may be the oldest insurance association in the state, but MAIA is dedicated to offering the most modern tools and resources to help our members thrive in today’s market.  We set out to find a payment processing vendor that understands the unique needs of independent agents. ePayPolicy meets and exceeds our criteria. We recommend ePayPolicy because it’s easy to use and has no merchant account, long-term contracts or hidden fees. It is secure and compliant. And we know our members’ clients want this convenience.”

Concluded Sorrell: “We’re ready, willing and eager to prove our worth to agents in the Show-Me State. Based on the feedback we’re getting from other states, we’re confident MAIA members will see a real difference in their efficiency, their client engagement and their bottom lines.”

About Missouri Association of Insurance Agents
Missouri Association of Insurance Agents is the oldest and largest association of insurance agents in the state of Missouri. The association was established in 1899 in St. Louis. “Independent” insurance agents and brokers offer their clients the products of more than one insurance company.

MAIA educates, informs, promotes and advocates for independent agents and their clients, encourages networking, high standards, and works to perpetuate the independent agency system. 

For more information visit  https://www.moagent.org/

About ePayPolicy
ePayPolicy is the simplest way to collect digital insurance payments. Austin, Texas-based ePayPolicy is the nation’s foremost provider of payment processing developed exclusively for independent agencies, brokers/MGAs and premium finance agencies.  The company’s  innovative electronic payment processing portal enables clients to accept credit card or ACH without messy merchant accounts or hidden fees.  ePayPolicy sets up quickly, integrates seamlessly with leading management systems, and is endorsed by independent insurance associations nationwide. 

To find out more visit https://epaypolicy.com

The company’s annual InsurTech Agency Award recognizes independent insurance agencies/brokerages for leveraging technology to enhance their sales, marketing, and customer service. Details and call for entry are at https://www.insurtechaward.com/

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