Prelude's Insights on Outbound Payments Blog
Request More Information

Prelude's Insights on Outbound Payments Blog

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

Read More

Tags: 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, 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, originating systems, methods of payment, ancillary processing, control, issuing outbound payments, reduce the costs of issuing payments, speed of the transaction, new payment methods, payments by cards, payments on location, disbursement processes, issue claim payments, issue payments, claim payments, checks, MICR checks, reconciliation, payee, transaction, claim settlements, enterprise-wide middleware, 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, electronic payment, problems insurance industry faces, mobile insurance solutions, PointPay, insureds, Catastrophic Events, CATs, Funny Insurance Ad, Prelude's Payment Tips, Trends and Observations, same-day cash, iCareCard, re-issuance, reward, loaded, reloaded, Visa, discounts, payroll, commissions, dividends, refunds, interchange, fees, funds, safety, OFAC Compliance, US Patriot Act, fraud protection, fraud prevention, check fraud protection, check fraud, fraud, check fraud prevention, System Integration, 1099 Processing, 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, PartnerConnect, Partner, Partners, Guidewire, Accelerator, Accelerators, Zelle, Payee Payment Portal

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

Does Your Current Payment Solution Offer Safety, Security & Control in Today's Volatile World?

In today's electronic age everything is going paperless, including payments, and security threats are evolving along with this change. Internet financial fraud is an increasing problem from overseas scams to identity theft. Businesses big and small are continuously fighting this invisible adversary with better and more complex security solutions. But with their knowledge increasing, the criminals always seem to be only one step behind.

Read More

Tags: ACH, integrity of payment data, bank agnostic, disbursement hub, Outbound Payment Processing, security, issuing payments, reduce risk, card payments, bank account information, bank account info, control, issuing outbound payments, disbursement processes, checks, MICR checks, PayPilot, electronic payment, safety

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.

Read More

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

Transaction pricing model makes payment processing frictionless

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

Read More

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, disbursement hub, Outbound Payment Processing, 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, originating systems, methods of payment, ancillary processing, issuing outbound payments, reduce the costs of issuing payments, new payment methods, payments by cards, payments on location, disbursement processes, issue claim payments, issue payments, claim payments, checks, MICR checks, reconciliation, transaction, claim settlements, enterprise-wide middleware, payment disbursement hub, insurance claims processing, claims processing improvement, lower cost of processing claims, reduce cost of processing claims, insurance industry trends, PayPilot, electronic payment, insureds, Catastrophic Events, CATs

A CIO’S SECRET TO SAVVY OUTBOUND PAYMENT PROCESSING

 A CIO’S SECRET TO SAVVY OUTBOUND PAYMENT PROCESSING:

THE DISBURSEMENT HUB

Read More

Tags: payment processing, ACH, issue payments electronically, bank agnostic, disbursement workflow, cost savings, lifecycle of existing systems, add-on components, disbursement hub, Outbound Payment Processing, 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, originating systems, methods of payment, ancillary processing, control, issuing outbound payments, new payment methods, payments by cards, disbursement processes, issue claim payments, issue payments, claim payments, checks, MICR checks, reconciliation, transaction, claim settlements, enterprise-wide middleware, payment disbursement hub, insurance claims processing, claims processing improvement, lower cost of processing claims, reduce cost of processing claims, insurance industry trends, PayPilot, electronic payment, Catastrophic Events, CATs

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.

Read More

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, disbursement hub, Outbound Payment Processing, 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, originating systems, methods of payment, ancillary processing, control, 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, payee, transaction, claim settlements, enterprise-wide middleware, 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, electronic payment

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

Latest Posts

Posts by category

Follow Me