TransCard's payment technology ensures compliance, timeliness and security, thus eliminating headaches for payers and giving peace of mind to payment recipients.
Paynuver offers cost effective and highly secure payment transmission for all claim payments. Users have access to checks, ACH, virtual, or card transactions, with easy integration into your claim payment system. The Paynuver platform provides options including electronic dual signature for multiple party sign-off and improved compliance management.
With virtual accounts, 100% of funds become immediately available to the insured. Virtual accounts are ideal for catastrophic situations and can be instantly issued on site. 24/7/365. Real-time account monitoring increases the control of outgoing payments and spend habits.
Prepaid cards are a great payment option for those who may be considered unbanked or underbanked. According to the FDIC, 1 in 13 households in the United States are unbanked, and 24.8 million are considered underbanked. Prepaid cards allows for unbanked and underbanked claimants to receive claims payments when they need them while eliminating the hassle of check cashing services.
Insurance Providers can drive customer behavior with Incentive Prepaid Cards. These cards can be custom designed by providers for increased brand and product awareness. Insurers have the opportunity to offer a tangible medium for motivating and rewarding employees by creating a separate fund for incentives and rewards.
Want to know if TransCard's payment products are right for you? Send us a message below and we will work with you to create a program that fits your needs.