Prelude's Insights on Outbound Payments Blog
Request More Information

Prelude's Insights on Outbound Payments Blog

Insurance Carriers: Hurricane Harvey CAT Claim Payment Processing Support

All of us here at Prelude Software have our fellow Americans, friends and colleagues in the wake of Hurricane Harvey's path in our thoughts and prayers. Equally important,  we have prepared for this type of event and are proud to be ready to work with our insurance carrier clients in supporting the claim payment process as they embark to help the victims of this catastrophe.  Claim payments can be issued remotely directly to the claimants' bank account in numerous ways so that funds are ready immediately for shelter, food and supplies. 

Read More

Tags: claim payments, Catastrophic Events

Is your payment processing antiquated?


Time to get off the "horse and buggy" that is paper checks!

Read More

Tags: issue payments electronically, remittance data, Outbound Payment Processing, disbursements, make the process better, flexibility, cost of issuing a paper check, single payment, reduce risk, SUA, card payments, control, issuing outbound payments, reduce the costs of issuing payments, speed of the transaction, disbursement processes, issue payments, claim payments, checks, MICR checks, reconciliation, payee, claim settlements, claims processing improvement, increase customer satisfaction in insurance indust, lower cost of processing claims, reduce cost of processing claims, PayPilot, electronic payment, insureds, fees, check fraud, fraud, virtual credit card payments, virtual credit and debit card payments, virtual card payments, how do virtual card payments work, in-n-out single use card, single use cards, single use card number, accept virtual credit card payments, virtual card payment implementation, virtual card payment, single use card numbers, credit card single use number, single use card, virtual card payment program, virtual card payment solutions, virtual card payments healthcare providers, receiving virtual card payments, virtual card for provider payments, multi-party ACH payment, eChecks, electronic checks, MasterCard Send, direct-to-debit payment, WEX, Deluxe

The Other Side of Payment Options!  Are you Ready?


The check is in the mail!

Read More

Tags: issue payments electronically, remittance data, Outbound Payment Processing, disbursements, make the process better, flexibility, cost of issuing a paper check, single payment, reduce risk, SUA, card payments, control, issuing outbound payments, reduce the costs of issuing payments, speed of the transaction, disbursement processes, issue payments, claim payments, checks, MICR checks, reconciliation, payee, claim settlements, claims processing improvement, increase customer satisfaction in insurance indust, lower cost of processing claims, reduce cost of processing claims, PayPilot, electronic payment, insureds, fees, check fraud, fraud, virtual credit card payments, virtual credit and debit card payments, virtual card payments, how do virtual card payments work, in-n-out single use card, single use cards, single use card number, accept virtual credit card payments, virtual card payment implementation, virtual card payment, single use card numbers, credit card single use number, single use card, virtual card payment program, virtual card payment solutions, virtual card payments healthcare providers, receiving virtual card payments, virtual card for provider payments, multi-party ACH payment, eChecks, electronic checks, MasterCard Send, direct-to-debit payment, WEX, Deluxe

2 Simple Steps to Generate Revenue in 2016 and Improve Your Bottom Line


Profitability in healthcare has its financial challenges. Learn how to create a new revenue stream while improving efficiencies, cutting costs and improving reconciliation and remittance – PayPilot® with WEXHealth is the simple solution you are looking for.

Read More

Tags: issue payments electronically, remittance data, Outbound Payment Processing, disbursements, make the process better, flexibility, cost of issuing a paper check, single payment, reduce risk, SUA, card payments, control, issuing outbound payments, reduce the costs of issuing payments, speed of the transaction, disbursement processes, issue payments, claim payments, checks, MICR checks, reconciliation, payee, claim settlements, claims processing improvement, increase customer satisfaction in insurance indust, lower cost of processing claims, reduce cost of processing claims, PayPilot, electronic payment, insureds, fees, check fraud, fraud, virtual credit card payments, virtual credit and debit card payments, virtual card payments, how do virtual card payments work, in-n-out single use card, single use cards, single use card number, accept virtual credit card payments, virtual card payment implementation, virtual card payment, single use card numbers, credit card single use number, single use card, virtual card payment program, virtual card payment solutions, virtual card payments healthcare providers, receiving virtual card payments, virtual card for provider payments

Removing the Barriers to Improving Existing Payment Processing Functionality with System Format Mapping and Integration

Do you ever look at your business processes and wonder why you use several different source systems to process payments? The answer to that question is simple. It is likely that as your business has grown, the complexity of your payment processes has, of necessity, grown as well. And, industries like Insurance, often have multiple, separate, specialized core systems for claims, policies, billing and AP. Each capable of originating the payment request. And, each having ever-changing opportunities and requirements for improving the payment process or adding additional payment method options.  No longer is simple, MICR checks the only way to issue payments. In today’s rapidly changing economy, payees demand their funds more timely and convenient. Electronic payments, virtual cards and payments to one’s own debit card are more common than ever. And, some payments are being made via payee’s cell phone numbers or email addresses as a surrogate for the actual bank account number. All of these options are far more difficult to implement on traditional enterprise source systems.

Read More

Accounts Payable Headache Remedy: Easing the pain of 1099 compliance!

Read More

Tags: 1099 Processing

Single Use Accounts--Preventing Check Fraud While Streamlining Payment Processes

According to findings published in the 2015 AFP Payments Fraud and Control Survey, 62 percent of companies were targets of payments fraud in 2014. The most targeted methods of payments were checks (77 percent), credit/debit cards (34 percent), and wire transactions (27 percent). Incidentally, checks were also the payment method most likely to result in financial loss, with 45 percent of the companies that experienced a loss due to fraud reporting that checks were involved. Despite the prevalence of check fraud, the survey also revealed that fully 70 percent of B2B payments are still made via check.

Read More

Tags: issue payments electronically, disbursement workflow, disbursement hub, disbursements, security, flexibility, improve process, single payment, reduce risk, Single Use Accounts, SUA, card payments, control, reduce the costs of issuing payments, disbursement processes, claim payments, checks, claim settlements, insurance claims processing, reduce cost of processing claims, PayPilot, electronic payment, Trends and Observations, safety, fraud protection, fraud prevention, check fraud protection, check fraud, fraud, check fraud prevention

Disbursement Hub: Build, Buy or Outsource?

 

Read More

Tags: AAA Insurance Exchange, AAA NCNU, payment processing, ACH, issue payments electronically, remittance data, disbursement workflow, nimbleness straight through processing, lifecycle of existing systems, disbursement hub, Outbound Payment Processing, disbursements, changes to process, flexibility, cost of issuing a paper check, improve process, approvals, bulking, remittance.electronic payments, issuing payments, electronic remittance, Positive Pay, Payee Positive Pay, Single Use Accounts, SUA, card payments, issue payments to the one-off payees, originating systems, methods of payment, ancillary processing, issuing outbound payments, reduce the costs of issuing payments, new payment methods, payments by cards, disbursement processes, issue claim payments, issue payments, claim payments, checks, MICR checks, reconciliation, claim settlements, enterprise-wide middleware, payment disbursement hub, insurance claims processing, claims processing improvement, lower cost of processing claims, reduce cost of processing claims, PayPilot, electronic payment, mobile insurance solutions, PointPay, Catastrophic Events, CATs, OFAC Compliance, US Patriot Act, fraud protection, fraud prevention, check fraud protection, check fraud, check fraud prevention

7 Key Benefits of a Disbursement Hub for Businesses

 

Read More

Tags: AAA Insurance Exchange, ACH, issue payments electronically, disbursement workflow, cost savings, disbursement hub, disbursements, make the process better, flexibility, improve process, approvals, bulking, issuing payments, electronic remittance, Single Use Accounts, card payments, methods of payment, ancillary processing, control, issuing outbound payments, reduce the costs of issuing payments, new payment methods, disbursement processes, checks, MICR checks, payment disbursement hub, PayPilot, electronic payment, PointPay, fraud protection, fraud prevention, check fraud

Three Reasons Not to Ignore Positive Pay

Read More

Tags: integrity of payment data, disbursement workflow, cost savings, disbursement hub, disbursements, approvals, individual payments, bulking, Positive Pay, Payee Positive Pay, bank account information, bank account info, ancillary processing, control, disbursement processes, reconciliation, funds, fraud protection, fraud prevention, check fraud protection, check fraud, fraud, check fraud prevention

Do you know the items on the Disbursement Hub Checklist?

Disbursement Hub Checklist

Learn the key items to consider when implementing a disbursment hub for your organization. 

Download Checklist

Subscribe via E-mail

Posts by category

Follow Me