Streamline the Entire Insurance Payment Lifecycle and Materially Expedite Payment Processing
JHA Payment Solutions™ operates as a true payments partner that replaces processing silos with a holistic payments ecosystem that is faster, simpler, and secure. JHA Payment Solutions provides the customized strategy and the production-proven solutions for traditional and emerging payment channels, and the advancing technologies needed to continually evolve, enhance, and expedite the payments experience.
The insurance industry’s payments strategy and supporting technology have changed very little despite the innovations and advances made in the payments industry at-large. But now, through a strategic partnership between Jack Henry & Associates, Amali, and Transcard the insurance industry has access to a contemporary payments platform that streamlines the entire payment lifecycle and materially expedites payment processing.
The respective expertise of the three organizations has been leveraged to create an insurance payments hub that seamlessly processes insurance carrier inbound and outbound payments. The hub replaces expensive paper checks –– with electronic payments, and provides access to the payment channels needed to meet the expectations of multi-generational policyholders. The hub also materially enhances productivity by automating an array of time-consuming manual processes, and supports the industry-wide goals to improve operating efficiencies, profitability, and the policyholder experience while mitigating fraudulent claims before funds are disbursed.