CheckMate Features
CheckMate is an automated check payment and lockbox service designed for the insurance industry that simplifies handling paper checks by routing payments to designated locations for daily batching, processing, and uploading of check images and documents to a unified dashboard with integrated reconciliation and flat per-check pricing, eliminating manual data entry and consolidating all payments in one platform.
CheckMate Automated Check Payments
Automated check payments with daily batching and processing, allowing you to avoid handling paper checks.
Features: Checkmate®
Some of your clients still prefer checks. That doesn't have to be your burden.
CheckMate solves the pain of paper payments with easy routing and processing, all from the same dashboard as your digital payments. One hub for it all.
Simple Check Routing
- Route payments to one or more CheckMate locations for daily collection and processing.
Batched and Uploaded Daily
- Collected check details are batched and uploaded daily, with check images and documents for each payment.
Integrated Reconciliation
- API integrations help reduce double work and manual data entry with your accounting systems.
Simple Pricing
- All ePay customers can use CheckMate, without contracts or additional monthly fees. Just pay a flat fee, per check.
The automated lockbox and check reconciliation service, built just for insurance.
Digital payment adoption is growing, but check payments persist, especially with larger customers. CheckMate was created based on direct feedback from customers, to help consolidate all your payments under one platform.
How it works:
- 1.Insured’s check payments are mailed to a CheckMate location.
- 2.CheckMate automatically collects, processes, and batches daily.
- 3.Transactions and supporting details are uploaded directly to the dashboard.
CheckMate FAQs
Who is CheckMate for?
- CheckMate was built for the insurance industry: agencies, carriers, PFCs, MGAs, or brokers accepting check payments.
What does it cost?
- Pricing is charged per-check, with a monthly minimum of 21 checks. After 21 checks, it’s a flat fee per check. Your account manager can provide pricing for your account.
What documents are available with each deposit?
- Each deposit includes a Batch Summary Report, scanned check images, and related invoices.
What if I already have a lockbox?
- The flat, per-check pricing typically offers more competitive pricing than most lockbox providers, with the added benefit of using your existing ePayPolicy dashboard.
Related
Introducing: CheckMate - ePayPolicy
ePayPolicy has introduced CheckMate, a new solution designed to streamline and automate the processing, routing, and reconciliation of paper check payments for insurance companies, addressing the persistent reliance on checks by enabling daily batch processing integrated with popular accounting systems to reduce manual work and eliminate the inefficiencies of traditional check handling.
IIAW’s Preferred Digital Payment Processor
The Independent Insurance Agents of Wisconsin (IIAW) endorses ePayPolicy as its preferred digital payment processor, highlighting its user-friendly interface, customizable branded payment pages, efficient tracking and reconciliation features, and ability to accelerate insurance payment collections for members.
IBAA’s Preferred Digital Payment Processor
The Illinois Bankers Association of America (IBAA) has endorsed ePayPolicy as its preferred digital payment processor, offering members a streamlined, customizable, and branded solution for faster insurance payment collection with special discounted pricing and features like tracking and reconciliation.
IIAMT - ePayPolicy
The Independent Insurance Agents & Managers of Texas (IIAMT) has endorsed ePayPolicy as their preferred payment processor for members, highlighting its ease of setup, client usability, and features such as tracking and reconciliation, branding customization, and faster receivables.
ePayPolicy for PIIAC Members
The Professional Independent Insurance Agents of Colorado (PIIAC) endorses ePayPolicy as the preferred payment processor for its members, highlighting its seamless, customizable, and branded payment solutions that improve client experience, enable efficient tracking and reconciliation, and accelerate insurance payment receivables.
IIARI’s Preferred Digital Payment Processor
The Independent Insurance Agents of Rhode Island (IIARI) has endorsed ePayPolicy as their preferred digital payment processor due to its industry-specific features like tracking and reconciliation, branding customization, and faster receivables, aiming to enhance their members' competitive position.