Citi Prepaid Services & Enservio Announce Partnership for Prepaid Insurance Payments

May 3, 2015     By : Ray

Citi Prepaid Services is partnering with Enservio to offer prepaid cards as part of a holistic offering that services prominent insurance carriers. Citi Prepaid Services will supply custom designed, fully-functional prepaid cards tailored for Enservio whose ReStore Payments platform provides policyholders a variety of options from cards to electronic fund transfers that efficiently deliver claim payments.

Deirdre Ives, Global Chief Operating Officer of Citi Prepaid Services, said, “We are excited to partner with Enservio to provide our prepaid cards to their flexible, innovative, and cost-effective payment solution for the insurance vertical. Prepaid cards are a smart alternative to checks, and our award-winning prepaid product simplifies claims payments for insurance clients while delivering an exceptional cardholder experience.”

Enservio’s ReStore Payments platform is specifically designed for the insurance industry to help increase claim efficiency and improve customer satisfaction when making payments. Prepaid cards and electronic payments provide a better alternative to paper checks and give customers immediate access to funds, saving time in the claims process and reducing costs for carriers. Enservio’s ReStore Payments platform offers a patented multi-party activation mechanism that securely gains approvals from all payees, both business and consumer, before releasing funds across any form of electronic payment.

Citi Prepaid Services, a division of Citi Holdings, is a leading provider of innovative, corporate prepaid solutions. Through a consultative approach, Citi Prepaid provides clients with comprehensive electronic payment programs that reduce costs, enhance operational efficiencies and provide an unmatched user experience. Leveraging an extensive payment platform and proprietary prepaid technology, clients around the world depend on Citi Prepaid’s custom programs for all types of payments including compensation, promotions and disbursements.

Enservio offers innovative solutions that help insurance carriers achieve the highest quality business outcome and drive superior customer satisfaction. The ReStore Payments platform is one of the industry’s only comprehensive, turnkey platforms for efficient and convenient claim payments of all types including auto, homeowners, B2B and mortgage. Enservio’s patented multi-party authorization applies to all electronic payment vehicles including debit cards, ACH/EFT, B2B, virtual, payments with mortgages and mobile payments.

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Ray

Ray has keen interest in the area of devices, OS and wireless technologies. He is a Mobile Technology enthusiast and believes that Mobility is going to completely change the way we do Payments and Commerce. He wishes to share this belief with the world by providing such content through LetsTalkPayments. Ray has done his engineering as well as MBA.