June 18, 2024
PatientPay and Higher Standards Partner on Healthcare-Focused Payment Acceptance Solution
PatientPay and Higher Standards have partnered on a payment acceptance solution for healthcare organizations. With this collaboration, healthcare facilities that use Higher Standards’ payment processing solution for all types of...
June 18, 2024
Allianz Trade and BPL Launch Solution to Digitalize Enquiry Management
Allianz Trade and BPL have teamed up to help underwriters and brokers share enquiry data using application programming interface (API) integration via the independent digital trading platform Whitespace. This collaboration...
June 18, 2024
Treasury Prime Partner Marketplace Adds FS Vector’s Compliance Training Resources
The Treasury Prime Partner Marketplace now includes FS Vector’s regulatory compliance training platform Headmaster. This addition comes as part of a newly formalized relationship between Treasury Prime, which is an...
June 18, 2024
Amazon Expands Prescription Offering to Medicare Members
Amazon said it has expanded its prescription drug program to include Medicare beneficiaries. Beginning Tuesday (June 18), more than 50 million enrollees in the government health insurance program are eligible...
June 18, 2024
TravelPerk Acquires AmTrav as US Business Travel Rebounds
TravelPerk is expanding into the U.S. by acquiring fellow business travel platform, Chicago-based AmTrav. “Both platforms will capitalize on proprietary tech, AI capabilities, and expanded resources to further expand in...
June 17, 2024
Advance Payments Program Focused on Change Healthcare Cyberattack to End
A federal program that addressed Medicare funding issues arising from the February cyberattack on UnitedHealth Group’s Change Healthcare will conclude on July 12. The Accelerated and Advance Payment (AAP) Program...
June 17, 2024
Four Japanese Insurers Penalize Officials Over Price-Fixing Scandal
Four major Japanese insurers have announced punitive measures against 132 officials implicated in a price-fixing scandal involving insurance contracts for corporate clients. The actions mark a stern response to allegations...
June 17, 2024
Buy Insurance Through Banks? Gen Z Says Yes
Forty-four percent of U.S. consumers are interested in purchasing insurance products directly through their financial institutions (FIs), and this interest is especially strong among younger consumers and those with higher...
June 17, 2024
Aim Security Raises $18 Million for AI Cybersecurity
Aim Security, a company that helps enterprises safely adopt artificial intelligence (AI), has raised $18 million. The Israeli company said it was one of the “fastest Series A rounds in cybersecurity...
Instant insurance payouts benefit both customers and carriers by enhancing both speed and efficiency, but barriers such as costs and complexity are blocking the way to their adoption — especially for smaller insurers. The latest “Money Mobility Tracker®,” a collaboration with Ingo Payments, explains how insurance companies are jumping these hurdles by collaborating with FinTechs to facilitate instant payments implementation.
Consumers increasingly want to receive insurance disbursements instantly, yet insurers are sending instant payments less. PYMNTS Intelligence’s latest 22-page report, “Generation Instant: Growing Use of Instant Pay for Insurance Disbursements,” a collaboration with Ingo Payments, contains five charts revealing how this mismatch in demand and supply presents a missed opportunity for insurers to improve customer satisfaction.