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Prelude's Insights on Outbound Payments Blog

Disbursement Hub: Build, Buy or Outsource?

 

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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

 

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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

Payment Processing: From MICR Checks To Electronic Forms Of Payment

How Businesses Can Be Effective and Efficient With Current Infrastructure for Issuing Payments

Recently, in the CFO Journal, a section of the Wall Street Journal, an interesting article regarding “Why Can’t We Get Rid of Checks” highlighted that U.S. businesses still pay half of their bills with paper checks.

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Tags: AAA Insurance Exchange, AAA NCNU, payment processing, ACH, issue payments electronically, remittance data, bank agnostic, disbursement workflow, lifecycle of existing systems, disbursement hub, Outbound Payment Processing, disbursements, make the process better, changes to process, flexibility, cost of issuing a paper check, improve process, paper, individual payments, bulking, issuing payments, electronic remittance, Positive Pay, Single Use Accounts, SUA, card payments, recurring payees, originating systems, methods of payment, ancillary processing, issuing outbound payments, new payment methods, issue payments, checks, MICR checks, reconciliation, payee, transaction, PayPilot, electronic payment, PointPay, Catastrophic Events, CATs

How did AAA NCNU use payment processing to be more efficient?

 

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Tags: AAA Insurance Exchange, AAA NCNU, payment processing, ACH, issue payments electronically, remittance data, integrity of payment data, provides transparency, self-service capabilities, bank agnostic, disbursement workflow, nimbleness straight through processing, cost savings, lifecycle of existing systems, add-on components

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

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