For the customer married to their smartphone—our app is their better half
The article emphasizes that with the rapid rise of mobile device usage and mobile payments—projected to reach $60 billion by 2017 and 90% user adoption by 2020—insurance agencies must adopt online payment solutions like ePayPolicy to meet evolving customer expectations, streamline operations, and enhance customer engagement through real-time data integration, offering quick setup and compatibility with existing management systems.
What’s the biggest disruptor affecting the insurance industry? Your customers. As their expectations and demands change at the speed of technology—it’s your job to keep up.
According to TechCrunch, at the end of 2016, 4.8 billion individuals were using their mobile devices. By 2020, 90% of smartphone users will have made a mobile payment. It’s estimated that by the end of 2017, there will be $60 billion in mobile payment sales. If so many individuals are using their mobile devices to conduct research and make purchases, why should paying for insurance be any different?
Mobile is now! Offering your customers an option to pay online gives your insurance agency that competitive edge that you’ve been missing. It opens a world of opportunities as well when you streamline your agency management, recruiting, and even retention using real-time data from our solution to keep up with your customers’ needs. Knowing information about your customers can help you with the creation of cross-sell, upsell, custom, flexible, and sometimes predictable digital experiences across all points of contact.
At ePayPolicy, we take the pain out of collecting insurance payments online. Whether your clients want to pay with credit card or ACH, we have you covered! Contact us today and we can get you up and running in 24 hours. Interested in integrating ePayPolicy into your management or accounting system? We can help with that too!
Related
Automation Nation - ePayPolicy
The article from ePayPolicy discusses the ongoing debate around automation, highlighting its benefits such as reducing human error and increasing efficiency, while addressing concerns about job displacement and AI's current limitations, and emphasizes the company's efforts to demystify AI and automation in the traditionally human-centric insurance industry by showcasing everyday examples like autocorrect.
Payment Page & Dashboard Features - ePayPolicy
ePayPolicy offers a customizable, PCI Level 1 compliant payment page with your branding and features like recurring payments, attachments, and disclaimers, paired with a real-time dashboard providing detailed transaction data, all set up quickly with no contracts and a free 60-day trial to streamline and enhance online payment processing for insurance businesses.
How to Choose a Payment Processor for Your Insurance Organization
The article advises insurance organizations to select payment processors that specialize in the insurance industry by offering regulatory compliance, user-friendly interfaces, efficient authorization processes, seamless integration with core systems, PCI data security, and a balance of cost and value, emphasizing the importance of matching processor features to specific agency needs to enhance operational efficiency, compliance, customer satisfaction, and cash flow.
How Digital Insurance Payments Can Optimize Your Business
The article explains that integrating digital payment processing in insurance businesses enhances customer experience by offering convenient, secure payment options, reduces manual labor and accounting errors through automation, and helps companies stay competitive by meeting modern consumer expectations, especially among younger clients.
Payments for Insurance Carriers - ePayPolicy
ePayPolicy offers insurance carriers a secure, PCI-compliant digital payments platform that accelerates premium collections by up to 50%, integrates with over 30 systems for seamless accounting automation, provides multiple payment options like credit card and ACH, reduces fraud risk, and streamlines payables management to boost cash flow and operational efficiency.
Let's Connect at The 2019 WSIA Marketplace Event!
ePayPolicy, a leading payment processing solution designed specifically for independent insurance agencies, brokers, MGAs, and premium finance companies, invites attendees to schedule meetings at their reserved table during the 2019 WSIA Annual Marketplace event in San Diego, a premier gathering for the wholesale, specialty, and surplus lines insurance industry.