Morristown, NJ – April 25th, 2023 – Majesco, a global leader of cloud insurance platform software for insurance business transformation, today announced a new digital payment offering for Majesco Claims for P&C customers. This new out-of-the-box integration with One Inc ClaimsPay®, offers fast and secure digital claims payments through the customers’ preferred channels and methods. This expands an already strong partnership with One Inc bringing an out-of-the-box integration and an online payment capability in Majesco EcoExchange to the Majesco Billing for P&C platform. This enhancement delivers a comprehensive, inbound-outbound payment processing solution for Majesco customers across the entire P&C Suite.
“As a long-standing partner of Majesco’s, we look forward to the opportunity to strengthen our role in Majesco’s collaborative partner ecosystem and expand how together we can help Majesco carriers deliver fast, convenient, and secure digital claims payments,” says Ian Drysdale of One Inc. “Our previous success with premium payments is a direct reflection of our shared vision and mission to provide insurers a future-proof, robust, digital payments solution that meets their customers’ expectations.”
This new digital payment offering is available to Majesco Claims for P&C customers that offers choice and an enriched customer experience to enhance customer retention and satisfaction. Payments are disbursed through single or multi-party insurers or claimants, vendors, or lienholders, and the payee has the option to select their own payment method, including check, direct deposit, pre-paid debit card, PayPal, or Venmo. It offers built-in electronic approvals and electronically manages the processing, issuance, and recording of payments. Its out-of-the-box integration allows customers to quickly implement and handle digital payments and seamlessly. This expanded capability meets the rapidly growing expectation of insurance customers, both consumers and business owners, for digital inbound and outbound digital payments identified in Majesco’s annual consumer and SMB research.
“One Inc continues to bring next-gen payment solutions that are top of mind for our customers,” says Terrence Clark, GM and SVP for P&C Solutions at Majesco. “This expanded capability and integration will help our customers meet the increasing demand for digital payments that will increase customer retention, reduce costs, and reduce risk through secure digital payments based on the customers’ preferred channel and methods. We’re excited to bring this new capability to our customer base and look forward to deepening our partnership with the One Inc team.”
About Majesco
Majesco is the partner P&C and L&A insurers choose to create and deliver outstanding experiences for customers. We combine our technology and insurance experience to anticipate what’s next, without losing sight of what’s important now. Over 350 insurers, from greenfields and startups to some of the world’s largest insurers, rely on Majesco’s SaaS platforms solutions of core, data, analytics, digital, and rich ecosystem of partners to create their next now.
As an industry leader, we don’t believe in managing risk by avoiding change. We embrace change, even cause it, to get and stay ahead of risk. With 900+ successful implementations we are uniquely qualified to bridge the gap between a traditional insurance industry approach and a pure digital mindset. We give customers the confidence to decide, the products to perform, and the follow-through to execute.
For more information, please visit www.majesco.com and follow us on LinkedIn.
