As the financial and insurance sectors evolve, the demand for swift and accurate payment systems has never been more pronounced. Legacy systems often need to improve, resulting in delays and errors that can damage customer loyalty and business viability. A PYMNTS Intelligence Report, Fast-Tracking Funds:...
Where there’s smoke, there’s usually fire. And across the business landscape, where there’s paper, there tends to be countless inefficiencies, higher costs — and even fraud. This holds particularly true within the insurance industry, which has long been known for its reliance on paper, manual...
Supply and demand is the eternal balancing act in economics, and in payments, too. Drew Edwards, CEO of Ingo Payments, noted to Karen Webster that there’s been a 7% increase, year over year, as determined jointly by Ingo and PYMNTS Intelligence, in instant payments used...
Receiving insurance disbursements in a timely fashion can be crucial. This is especially true if the expense was unexpected and for a sizeable amount. That explains why, now more than ever, consumers choose instant methods to receive insurance claim payments. What’s more use of instant...
December 17, 2024
The insurance industry has faced challenges in implementing real-time payouts due to high costs and transparency issues, despite the potential benefits for insurers and customers, such as reduced delays and improved satisfaction. According to a PYMNTS Intelligence report, “Real Time Matters: The Imperative for Instant Disbursements for Insurance,” a collaboration with Ingo Payments, smaller insurers […]
October 15, 2024
As the financial and insurance sectors evolve, the demand for swift and accurate payment systems has never been more pronounced. Legacy systems often need to improve, resulting in delays and...
September 11, 2024
Where there’s smoke, there’s usually fire. And across the business landscape, where there’s paper, there tends to be countless inefficiencies, higher costs — and even fraud. This holds particularly true...
August 14, 2024
Supply and demand is the eternal balancing act in economics, and in payments, too. Drew Edwards, CEO of Ingo Payments, noted to Karen Webster that there’s been a 7% increase,...
January 18, 2024
Mastercard is launching a medical claim payment solution with key partners in India. The firm is collaborating with one of the country’s leading financial institutions and Remedinet, a cloud-based HealthTech platform, Mastercard said in a Thursday (Jan. 18) press release emailed to PYMNTS. This solution will use Mastercard’s virtual card technology to support business-to-business (B2B) healthcare claim […]
November 20, 2019
The United States Federal Emergency Management Agency (FEMA) has revealed that it might look into using blockchain technology to streamline disaster insurance payouts, as well as speed up its response...
