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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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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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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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.

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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

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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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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