Platform Overview

Paysurance® is a comprehensive payment solution suite designed specifically for the insurance industry. The platform allows you to put money in the hands of your insureds up to 3X faster and reduce your expense by as much as 80%. Payments for auto, homeowners (structure, ALE, contents, CAT), vendor payments and mortgage are all offered within our secure and easy to integrate platform.

Your choice of payment vehicles includes all modern types of payments in EFT, card for single and multiple payees, vendor payments, as wells as payments for mortgages or liens.

Multi-Party Activation

Our patented electronic settlement system enables insurance carriers to offer policyholders the flexibility of claims settlement funds on two or more payment instruments that can be used simultaneously. All payees must approve payment before funds are available, replicating the safety features of multi-party checks – simplifying the claims settlement process overall.

The patents cover all electronic payments that replace multi-party checks – EFT, debit cards, payments with mortgages, and mobile payments.

Benefits

• Increases policyholder satisfaction by putting money in their hands up to 3X faster
• Reduces your expense by as much as 80%
• Patented multi-party authorization expands reach of electronic payments
• Improves metrics and ROI with lower LAE and optimized payment methods – EFT, card, vendor payments and mortgage or lien
• Lowers the number of monitored claims requiring mortgage approval, leading to faster payments
• Increases policyholder retention by offering exclusive discounts, cash back and extended warranties
• Provides the policyholder with a choice of payment methods