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4 min read

The Pandemic Has Boosted Mobile Payments – But There’s Still Potential for Insurers to Tap

By The One Inc Content Team on Sep 21, 2021 7:05:26 AM

Mobile technology is changing many aspects of daily life, and that includes the way people pay for things. During the pandemic, mobile payments took on a greater importance, but tremendous potential remains untapped. Here’s a look at the current trends in mobile payments.

Topics: Payments Technology & Innovation Mobile
3 min read

6 Challenges to Digital Payment Adoption in the Insurance Industry

By The One Inc Content Team on Feb 11, 2021 10:28:25 AM

Insurance payments are going digital. Many insurers already accept inbound premium payments from policyholders. Now outbound claims payments are also catching on. These changes will bring benefits to both insurance companies and insurance customers. However, before these benefits can be realized, there are six challenges that must be overcome.

Topics: Payments #GoDigital
2 min read

The World of Vendor Payments (Claim Payment Challenge Part 4)

By Anne Freitas on Feb 4, 2021 6:30:00 AM

In part 3 of this four-part series, we explained the complexities of mortgagee property claim payments. Here in our final series installment, we take a deeper look into the world of vendor payments: the challenges of bulk payments, the need for detailed remittance information, and benefit of real-time reconciliation.

Topics: Payments Vendor Payments
4 min read

Optimizing the Customer Experience for Mortgagee Property Claim Payments (Claim Payment Challenge Part 3)

By Anne Freitas on Jan 28, 2021 6:30:00 AM

In part 2 of this four-part series, we took a deeper look into the pain points of lienholder payment, what’s involved with the auto total loss process, and the benefits digitization can provide. Here in part 3, we delve into the cumbersome process of mortgagee property claim payments, the difference between monitored and non-monitored claims, and the opportunity to optimize the customer experience.

Topics: Payments Mortgagee Claim
3 min read

Streamlining Total Loss Lienholder Payments (Claim Payment Challenge Part 2)

By Anne Freitas on Jan 21, 2021 6:00:00 AM

In part 1 of this four-part series, we introduced four inherent claim payment challenges involved with paper check payment (e.g. multi-party payments, total loss lienholder, mortgagee, and vendor payments). Here in part 2, we take a deeper look into the pain points of lienholder payments, what’s involved with the auto total loss process, and the benefits digitization can provide.

Topics: Payments