XDimensional Technologies (XDTI), an insurance technology solution, has partnered with ePayPolicy, a payments platform for the insurance industry.
The partnership will see ePayPolicy will be integrated with the Nexsure Insurance Platform enabling XDTI customers with access to robust payment processing capabilities.
ePayPolicy provides an easy-to-use, end-to-end solution that allows carriers, retail agencies, MGAs, and wholesale brokers to get up and running with electronic payments in days. The company said this dramatically reduced the number of paper checks they process while also simplifying their accounting reconciliation with automated data entry.
Founded in 2014, ePayPolicy said it has served over 5,000 customers and processed over $1bn in payments monthly.
XDimensional Technologies, Inc. (XDTI) develops and markets the Nexsure Insurance Platform, an insurance processing and distribution solution that aims to empower and connect the insurance ecosystem, including retail agencies, wholesalers, agency networks, MGAs, and carriers.
Mark Engels, ePayPolicy CEO, said, “Digital payments are the new standard. Policyholders are used to paying by credit card or ACH. With the ePayPolicy, Nexsure Insurance Platform customers will be able to meet their clients’ demand for digital payments and enhance their digital experience with automated payment reconciliation.”
Krista Weaver, president & COO, XDimensional Technologies, added, “We’re excited about this integration and the benefits our customers will enjoy from our partnership. Leveraging ePayPolicy’s digital payments solution within the Nexsure Insurance Platform will translate into processing efficiencies and an enhanced focus on the customer experience.”
Georgia Farm Bureau Mutual Insurance Company (GFBMIC), domestic property & casualty insurer in the state of Georgia, recently selected One Inc’s ClaimsPay digital payments platform to modernise claim payments in the insurance industry.
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