Insurance industry payments network One Inc has launched a collaboration with J.P. Morgan Payments. The new partnership integrates J.P. Morgan Payments’ capabilities with One Inc’s PremiumPay and ClaimsPay solutions, giving insurance carriers access to One Inc’s suite of inbound and outbound digital payment services, the companies said in a Tuesday...
Where there’s smoke, there’s usually fire. And across the business landscape, where there’s paper, there tends to be countless inefficiencies, higher costs — and even fraud. This holds particularly true within the insurance industry, which has long been known for its reliance on paper, manual...
Visa’s earnings call Tuesday (July 23) night offered up insight into new payment flows, continued acceptance of virtual cards, and the ways in which business-to-business (B2B) transactions are moving into digital channels. During the conference call with analysts, CEO Ryan McInerney said that “our products...
Legacy payment systems in the financial and insurance industries have often resulted in delays, errors and complications, leading to damaged customer loyalty and lost business. As noted in a recent PYMNTS Intelligence research study titled “Fast-Tracking Funds: Finance and Insurance Accelerate Payments,” 40% of insurers...
September 11, 2024
Where there’s smoke, there’s usually fire. And across the business landscape, where there’s paper, there tends to be countless inefficiencies, higher costs — and even fraud. This holds particularly true within the insurance industry, which has long been known for its reliance on paper, manual processes and slow transaction times. But as the sector grapples […]
June 14, 2023
Does the hyper rapid rise of artificial intelligence (AI) signal the end of the world? Or the start of a new era? Jason Verlen, senior vice president, product management, at CCC Intelligent Solutions Inc.,...
May 03, 2023
The auto claims payment process is ripe for a technology-led overhaul. “There are inefficiencies and manual processes, and the processes are not yet fully connected,” Kelli Svymbersky, vice president of sales...
February 09, 2023
Nineteen percent of consumers received at least one insurance disbursement in 2022, and more of these roughly 49 million consumers are looking at instant payouts than ever before. Insurance agencies...
October 15, 2024
Paymentus has introduced a tool to help insurers offer instant digital disbursements. The Paymentus Disbursements Accelerator, announced Tuesday (Oct. 15), has been added to the Guidewire ClaimCenter, and is designed to help insurers rapidly weave instant digital disbursement capabilities into their claims management processes. “For more than a decade, some of the largest insurance providers have relied on […]
October 15, 2024
Insurance industry payments network One Inc has launched a collaboration with J.P. Morgan Payments. The new partnership integrates J.P. Morgan Payments’ capabilities with One Inc’s PremiumPay and ClaimsPay solutions, giving insurance carriers access to One...
November 22, 2019
Global insurance executives are worried about the hefty monetary awards juries have been handing out to plaintiffs. The trend of larger jury payouts, known as “social inflation,” could lead to...
November 20, 2019
The United States Federal Emergency Management Agency (FEMA) has revealed that it might look into using blockchain technology to streamline disaster insurance payouts, as well as speed up its response...
