Prelude's Insights on Outbound Payments Blog
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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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Tags: Deluxe, MasterCard Send, WEX, electronic checks, eChecks, multi-party ACH payment, direct-to-debit payment, virtual card for provider payments, receiving virtual card payments, virtual card payments healthcare providers, virtual card payment solutions, virtual card payment program, virtual card payment implementation, single use cards, single use card, in-n-out single use card, credit card single use number, accept virtual credit card payments, how do virtual card payments work, virtual card payments, single use card number, single use card numbers, virtual credit card payments, virtual card payment, virtual credit and debit card payments, System Integration, 1099 Processing, check fraud prevention, check fraud protection, check fraud, fraud prevention, fraud protection, fraud, US Patriot Act, OFAC Compliance, safety, funds, fees, refunds, interchange, dividends, commissions, discounts, payroll, Visa, loaded, reloaded, reward, iCareCard, re-issuance, same-day cash, Trends and Observations, Prelude's Payment Tips, Funny Insurance Ad, CATs, Catastrophic Events, insureds, PointPay, mobile insurance solutions, problems insurance industry faces, electronic payment, insurance industry trends, PayPilot, reduce cost of processing claims, increase customer satisfaction in insurance indust, lower cost of processing claims, claims processing improvement, insurance claims processing, payment disbursement hub, enterprise-wide middleware, transaction, claim settlements, reconciliation, payee, MICR checks, checks, claim payments, issue payments, disbursement processes, issue claim payments, payments by cards, payments on location, speed of the transaction, new payment methods, reduce the costs of issuing payments, issuing outbound payments, ancillary processing, control, originating systems, methods of payment, bank account info, issue payments to the one-off payees, payments via cell phone and email, recurring payees, bank account information, SUA, card payments, reduce risk, Single Use Accounts, Payee Positive Pay, electronic remittance, Positive Pay, issuing payments, single payment, remittance.electronic payments, bulking, individual payments, vendors, wet signatures, approvals, paper, improve process, cost of issuing a paper check, competitive threat, flexibility, security, changes to process, regulation, make the process better, primary drivers, disbursements, disbursement hub, Outbound Payment Processing, add-on components, lifecycle of existing systems, nimbleness straight through processing, cost savings, bank agnostic, disbursement workflow, self-service capabilities, integrity of payment data, provides transparency, remittance data, issue payments electronically, Guidewire, Accelerator, Accelerators, Partner, Partners, PartnerConnect, Zelle, Payee Payment Portal

Is your payment processing antiquated?


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

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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, direct-to-debit payment, multi-party ACH payment, eChecks, electronic checks, MasterCard Send, WEX, Deluxe

The Other Side of Payment Options!  Are you Ready?


The check is in the mail!

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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, direct-to-debit payment, multi-party ACH payment, eChecks, electronic checks, MasterCard Send, 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.

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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

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

How Claim Payment Processing Can Make or Break an Insurance Carriers Reputation...

...Especially During Catastrophic Events (CATs)!

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Tags: issue payments electronically, nimbleness straight through processing, issue claim payments, issue payments, claim payments, claim settlements, insureds, Catastrophic Events, CATs, enterprise-wide middleware, disbursement hub

Issuing outbound payments via cards help reduce processing costs!

 

Let Your Checks Bounce?

Guest Blogger for
Prelude Software:
Larry J. Kane
iCareCard

So, you make a lot of payments every month, right?  And, if you are like most companies, a good majority of those outbound payments are in the form of a check or an ACH transaction. You spend a lot of money and effort to issue those outbound payments, and you don’t get any “bounce” from your efforts. In fact, what you do get is the expense of cutting the check, which some statistics claim can be as high as $20.00 each, or creating the ACH file, etc. And to reward you even more for your efforts, you get the task of trying to obtain a Routing Number and Account Number from your payee if you want to pay by ACH, or the cost of tracking lost checks, re-issuance, reconciliation, etc, etc. So where is the bounce for you and for your payee?  When you pay by check or ACH the payment is made; the money gets spent and the transaction has no more life, and no reward for either you or your payee. 

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Tags: ACH, disbursement workflow, cost savings, payments by cards, disbursement processes, issue claim payments, issue payments, iCareCard, checks, MICR checks, re-issuance, reconciliation, reward, payee, loaded, reloaded, Visa, transaction, discounts, claim settlements, payroll, commissions, dividends, refunds, insureds, interchange, fees, same-day cash, funds

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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