InsurTech Pioneers, ePayPolicy & Veruna, Ink Integration

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.

Missouri Association of Insurance Agents endorses ePayPolicy

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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ePayPolicy: KAIA’s Preferred Payment Vendor

Kansas Association of Insurance Agents selects ePayPolicy as Preferred Payment Vendor

AUSTIN, Texas, August 6, 2019 –ePayPolicy has been named the electronic payment processor of choice by the Kansas Association of Insurance Agents (KAIA). ePayPolicy will enable KAIA members to accept credit card and ACH payments online, with transaction fees passed on to the payer. Endorsement by KAIA brings to 26 the number of state insurance associations recommending ePayPolicy to their members.

“We’re making online payments simple and seamless — for our clients, the independent agents/brokers of America, and for their customers,” said Todd Sorrel, ePayPolicy co-founder. “Our goal is to enhance the insurance-buying experience for consumers and to support tech-enabled growth for independent agents and brokers. We do that by offering a platform built on a solid understanding of consumer behavior and agent/broker needs, partnering with state associations – such as KAIA – to become the payment processor of choice, and integrating our platform with the leading agency management systems their members use.”

KAIA’s Executive Director, Dave Hulcher, said, “Our vision is to become the solution our members think of first. As our members lean into technology to run their businesses and to meet customer demands more efficiently, KAIA is right there with them. We recommend ePayPolicy as the payment solution our members should think of first.”

Concluded ePayPolicy’s Sorrell: “Thanks to this new alliance between KAIA and ePayPolicy, taking payments just got a lot easier for agents and brokers throughout Kansas. With ePayPolicy members can collect online payments without the hassle or expense of technical integration, hidden fees, or separate merchant accounts. We are proud to support KAIA’s forward-looking vision.”

About Kansas Association of Insurance Agents
Founded in 1920, KAIA represents more than 500 independent insurance agencies and branches in Kansas. Its members are small businesses that employ more than 2,500 licensed agents in communities throughout the state. As independent agents, KAIA members o er all lines of insurance, including property, casualty, life, health, employee benefit plans, and retirement products. On the national level, KAIA is an affiliate of the Independent Insurance Agents & Brokers of America, Inc. (IIABA). To learn more visit kaia.com

About ePayPolicy
ePayPolicy is the simplest way to collect digital insurance payments. Designed for independent agents, brokers, MGAs, and their clients, their innovative electronic payment processing portal enable 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 major independent insurance associations nationwide. To fi nd out more visit https://epaypolicy.com/

Media Contact:
Seth Nagle, Director of Marketing, ePayPolicy | 512-643-9015 | Seth@epay3.com

ePayPolicy Integrates with Vertafore’s AMS360

AUSTIN, TX July 23, 2019 –  ePayPolicy, a Vertafore Orange Partner, today announced it is adding payment processing capabilities to Vertafore’s AMS360 agency management system and extending its integrations into five Vertafore management systems.

ePayPolicy supports independent insurance agency efficiency and superior customer experiences by enabling agencies to accept payment via credit card or ACH instead of check.
“It makes paying for insurance like paying for most any other purchase in today’s digital environment — instant and easy,” explained Milan Malkani, ePayPolicy co-founder.

AMS360 is Vertafore’s foundational agency management system, designed to help independent agencies to streamline workflows , improve renewals and retention , and drive new business, resulting in improved employee productivity and a superior customer experience.

“ePayPolicy has proven to be an indispensable solution partner. Its team is as avidly customer-centric in its thinking and product delivery as we are at Vertafore,” said Doug Mohr, VP of Industry Relations & Partnerships, Vertafore. “The 6,000+ agency users of our best-in-class AMS360 system now have best-in-class payment processing capabilities. This partnership is truly customer service at its technology-driven best.”

ePayPolicy shows the exact balances due. Once payments are made, activities and suspenses are created automatically within AMS360. Users will also benefit from easy on-boarding, quick setup, clean accounting and a fast, one-to-two-day go-live timeline.

“Our valued relationship with Vertafore just got deeper and stronger,” added Malkani. “Integration with such a powerhouse system as AMS360 exponentially increases our exposure within the independent agency market.  More important, it offers thousands more independent agents and brokers the ability to modernize the way they accept insurance payments.”

About Vertafore
For over 50 years, Vertafore, the leader in modern insurance technology, has built and supported superior InsurTech solutions to connect every point of the distribution channel. Vertafore agency management, ratings, regulation, compliance, and connectivity products streamline workflows, improve efficiency and drive productivity for more North American insurance professionals than any other provider—including more than 20,000 agencies, over 1,000 carriers and 23 state governments. Through a continual focus on operational excellence, development of innovative solutions, and alignment with key industry partners, Vertafore is leading the way for customers of all sizes by delivering results that make a difference.

For more information about Vertafore visit https://www.vertafore.com

To learn specifically about AMS360 visit  https://www.vertafore.com/products/ams360

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/

Media Contact:
Seth Nagle, Director of Marketing, ePayPolicy | 512-643-9015 | Seth@epay3.com
Alexea Candreva, SSPR | 719-475-0370 | vertafore@sspr.com

The Independent Insurance Agents & Brokers of America: BIG I Client Spotlight

The Independent Insurance Agents & Brokers of America (BIG I) Client Spotlight
Customer Spotlight: The Independent Insurance Agents & Brokers of America

Executive Summary: 
The Independent Insurance Agents & Brokers of America is a national alliance of more than a quarter million business owners and their employees who offer all types of insurance and financial services products.

The Goals: Reduce paper checks,  streamline payment processing and bind policies faster.

The Results: No one understands the importance of expediency in the insurance industry quite like accounting employees. The ability to quickly track and reconcile payments effectively speeds up receivables and bind policies faster, things that typically improve an agency’s overall bottom line. For Annette Mertz, the VP of Accounting for IIABA, the biggest issue she was experiencing before signing up with ePayPolicy was timing. “We don’t have binding authority until we receive a payment,” said Mertz. “Typically it takes anywhere between three to seven days to get a paper check in the mail, which creates issues when you’re trying to bind quickly,” she said. After IIABA signed up with ePayPolicy, a lot of those issues faded. Not only do ePayPolicy customers like IIABA receive their funds in one to two business days (up to three times as fast as a paper check), they can rest easy knowing their payment is being routed to the correct place.


“ePayPolicy is one of those products that is so easy you expect it to be more complicated but it’s not. You have to pinch yourself to realize there’s really a product like this.” – Annette Mertz,  VP of Accounting, IIABA

There are a lot of potential errors with manually sending in a payment, for instance, sending a check to the wrong address or issuing it to the wrong person. “These things are eliminated now that we use ePayPolicy,” said Mertz. The ease of using ePayPolicy as one of the payment processor’s biggest draws. By focusing strictly on the insurance space, ePayPolicy is able to keep its product and services incredibly simple and straightforward. And for insurance professionals like Mertz, simple is King. “ePayPolicy makes day to day operations incredibly easy,” said Mertz. “You know right away if customers make a payment and we’re getting receivables much faster. We don’t have to wait on paper checks anymore.”