As an enhancement to the ReStore Payments solution, QuickStart offers a turnkey, self-service web portal where carriers and adjusters can go to manage the set-up and provisioning of payments to claimants with minimal IT involvement.
Carriers can match the claim with the appropriate payment -- whether it's a pre-paid debit card, EFT or other solutions. The ReStore Card® is a MasterCard pre-paid debit card providing a powerful customer and claims settlement experience by delivering insureds access to funds up to 3X faster than a traditional check. Electronic claims settlements have proved to reduce processing costs of up to 60% per transaction. Insureds can use the card for everything from additional living expenses such as hotel and restaurant meals, to paying contractors for building claims.
"QuickStart is a hosted Web solution that mirrors key claim system functionality with very limited IT effort," said
Developed specifically for insurance industry needs, the portal includes various administration settings designed to adhere to carrier business accounting rules around reconciliation and reporting. Managers can also set adjuster limits by individual adjuster and payments can be held for centralized approvals, ensuring support for corporate policies. QuickStart also enables users to manage multi-payment issuance, enabling payments to dual parties (co-pays), and supplemental or recurring payments. In short, carriers are given the necessary tools to manage the full payment workflow while claimants see expedited funds.
"ReStore Card's new capability offers the industry an alternative web-based solution that speeds up the payment process, delivers instant gratification to policyholders, and provides security and customer retention to carriers," explained Crowder. "A hallmark of the program is the added benefit of proprietary consumer discounts, both online and in-store, at major retailers nationwide."
Designed especially for the insurance industry, ReStore Payments offer a number of benefits to carriers and their insureds:
•Complete payment solution for all customers; cards, EFT and cash •3x faster delivery of funds to insureds •Up to 60% reduction in processing costs over paper checks •More secure - MasterCard zero liability,
ReStore Payments has processed more than
More information can be found at: http://www.enservio.com/solutions/restore-card
Enservio® works on the biggest challenge in property insurance -- what's inside. We provide a complete suite of software and service solutions to help property insurance carriers price their policies correctly, settle their contents claims quickly and accurately, pay their claims, and help policyholders get their stuff back. Founded in 2004, we are headquartered in
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