Insurance
Fast & Secure Insurance Payments
Send secure payments directly from your existing claim/job management solution. Your vendors and policyholders will love it.
Why modernize
Modernize Insurance Payments
Over 70% of indemnity payments are still issued via paper checks. Vendors are restoring slowly because they are being paid slowly. It's time for a better solution.
Eliminate Paper Hassles
>70% of indemnity payments are still issued via paper checks. Not for long...
Reduce Cycle Times
Vendors are restoring slowly because they are being paid slowly. Loss of use indemnity is burgeoning. We have the solution.
Solutions
Solutions built for insurance
From digital endorsement to virtual cards, our suite of products is designed to streamline insurance payments end to end.
- 01
CheckSnap
No more lost checks or chasing down signatures—digitize the process with CheckSnap. CheckSnap's safe and secure remote deposit capture enables your users to snap a photo of a check and request digital endorsement of multiple payees.
- 02
Sureti
Vendors are restoring slowly because they are being paid slowly. Sureti solves this by paying vendors directly and, in so doing, eliminating the need for lien holders to be listed as payees. Results include a 30% reduction in loss of use indemnity cost.
- 03
Virtual Card
With Virtual Card, you can instantly and securely send funds to policyholders. Loss of use indemnity payments can be constrained to predefined merchant types (e.g. hotels, grocers, restaurants). Excess proceeds can be clawed back once the policyholder has been indemnified of incurred costs.
- 04
Lockbox
We get it, some policyholders still use paper checks. We can handle it. Lockbox makes accepting paper check payments as easy as digital payments.
- 05
Payments as a Revenue Center (PaaRC)
Checkbook's PaaRC solution allows you to turn your payments from a cost center into a revenue source. Institutionalize early payment discounts to your preferred vendors/subcontractors. Initiate multi-party payments with digital endorsement.
