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Prelude's Insights on Outbound Payments Blog

The top 5 reasons Insurance Carriers are slow to implementing new payment methods

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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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Three Reasons Not to Ignore Positive Pay

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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

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, issue payments, checks, MICR checks, reconciliation, payee, transaction, Catastrophic Events, CATs, disbursement hub, PayPilot, PointPay, 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, electronic payment

Transaction pricing model makes payment processing frictionless

PayPilot® and its transaction pricing model make outbound payment processing frictionless

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Tags: payment processing, ACH, issue payments electronically, remittance data, self-service capabilities, bank agnostic, disbursement workflow, nimbleness straight through processing, cost savings, lifecycle of existing systems, payments by cards, payments on location, disbursement processes, issue claim payments, issue payments, claim payments, checks, MICR checks, reconciliation, transaction, claim settlements, insureds, Catastrophic Events, CATs, enterprise-wide middleware, disbursement hub, payment disbursement hub, insurance claims processing, claims processing improvement, lower cost of processing claims, reduce cost of processing claims, insurance industry trends, PayPilot, Outbound Payment Processing, disbursements, make the process better, changes to process, competitive threat, flexibility, cost of issuing a paper check, improve process, approvals, bulking, remittance.electronic payments, issuing payments, electronic remittance, Positive Pay, Payee Positive Pay, card payments, bank account information, bank account info, Outbound Payment Processing, originating systems, methods of payment, ancillary processing, issuing outbound payments, reduce the costs of issuing payments, new payment methods, electronic payment

A CIO’S SECRET TO SAVVY OUTBOUND PAYMENT PROCESSING

 A CIO’S SECRET TO SAVVY OUTBOUND PAYMENT PROCESSING:

THE DISBURSEMENT HUB

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Tags: payment processing, ACH, issue payments electronically, bank agnostic, disbursement workflow, cost savings, lifecycle of existing systems, add-on components, payments by cards, disbursement processes, issue claim payments, issue payments, claim payments, checks, MICR checks, reconciliation, transaction, claim settlements, Catastrophic Events, CATs, enterprise-wide middleware, disbursement hub, payment disbursement hub, insurance claims processing, claims processing improvement, lower cost of processing claims, reduce cost of processing claims, insurance industry trends, PayPilot, Outbound Payment Processing, disbursements, make the process better, changes to process, flexibility, cost of issuing a paper check, improve process, paper, approvals, bulking, issuing payments, electronic remittance, Positive Pay, Payee Positive Pay, card payments, bank account information, issue payments to the one-off payees, bank account info, Outbound Payment Processing, originating systems, methods of payment, ancillary processing, control, issuing outbound payments, new payment methods, electronic payment

PayPilot Enables ASO's Use of Electronic Payments

Many large businesses have decided to utilize a self-funded health insurance plan, administered through Administrative Services Only (ASO) from a health insurance carrier, to cover the medical expenses of their employees.  ASO plans help businesses control cost, offer flexibility and retain employees.

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Tags: payment processing, ACH, issue payments electronically, remittance data, integrity of payment data, self-service capabilities, bank agnostic, disbursement workflow, nimbleness straight through processing, cost savings, payments by cards, disbursement processes, issue claim payments, issue payments, claim payments, checks, MICR checks, reconciliation, payee, transaction, claim settlements, enterprise-wide middleware, disbursement hub, payment disbursement hub, insurance claims processing, claims processing improvement, increase customer satisfaction in insurance indust, lower cost of processing claims, reduce cost of processing claims, insurance industry trends, PayPilot, Outbound Payment Processing, disbursements, make the process better, changes to process, flexibility, cost of issuing a paper check, improve process, paper, individual payments, single payment, remittance.electronic payments, issuing payments, electronic remittance, Positive Pay, Payee Positive Pay, Single Use Accounts, SUA, card payments, bank account information, bank account info, Outbound Payment Processing, originating systems, methods of payment, ancillary processing, control, issuing outbound payments, reduce the costs of issuing payments, new payment methods, electronic payment

Mobile Disbursement Technology Set to Transform Insurance Industry

If You Are Not Embracing Mobile In To Your Disbursement Strategy,

 You May As Well Be Doing This!


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Tags: payment processing, ACH, issue payments electronically, disbursement workflow, nimbleness straight through processing, payments by cards, payments on location, disbursement processes, issue claim payments, issue payments, claim payments, claim settlements, insureds, same-day cash, Catastrophic Events, CATs, disbursement hub, payment disbursement hub, insurance claims processing, claims processing improvement, reduce cost of processing claims, insurance industry trends, mobile insurance solutions, disbursements, security, single payment, issuing payments, Single Use Accounts, SUA, bank account information, issue payments to the one-off payees, originating systems, methods of payment, ancillary processing, issuing outbound payments, speed of the transaction, new payment methods

Have & Have-Not Companies relative to Outbound Payment Processing

There are three primary schools of thought regarding all forms of disbursements in organizations from anyone responsible for any form of disbursement for any given company:

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Tags: issue payments electronically, disbursement hub, Outbound Payment Processing, disbursements, make the process better, primary drivers, changes to process, regulation, security, competitive threat, flexibility, cost of issuing a paper check, improve process, paper, approvals, wet signatures, individual payments, vendors, bulking, single payment, remittance.electronic payments, issuing payments, electronic remittance, Positive Pay, Payee Positive Pay, reduce risk, Single Use Accounts, SUA, card payments, bank account information, recurring payees, issue payments to the one-off payees, payments via cell phone and email, bank account info, Outbound Payment Processing, originating systems, methods of payment, ancillary processing, control, issuing outbound payments, reduce the costs of issuing payments, speed of the transaction, new payment methods

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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