Payment Processing for Insurance Companies
At SmarterPay, we understand that insurance companies require robust, secure, and reliable payment solutions. Our payment processing platform simplifies premium collections, and customer management, enabling your organisation to enhance operational efficiency and customer satisfaction. Contact our specialists to discuss a tailored solution for your payment processing needs.
Why Choose SmarterPay for Insurance Payment Processing?
Specialised Payment Solutions
We provide tailored payment processing designed specifically for insurance providers, ensuring secure, reliable, and timely transactions.
Integrated Platforms
Seamlessly integrate our payment solutions with leading CRM platforms like Salesforce, ensuring smooth and efficient management of premiums and customer data.
Multiple Payment Channels
Easily collect premiums and claims payments via Direct Debit, card payments, or through secure online portals.
Compliance and Security
As a Bacs-approved bureau and PCI DSS Level 1 payment gateway, we ensure compliance and the highest security standards for every transaction.
Our Services for Insurance Providers
Direct Debit Management
Our Direct Debit Management Solution (DDMS) offers comprehensive support for insurance premium collection:
- End-to-End Management: Automate the entire Direct Debit lifecycle from setting up mandates to processing payments and handling cancellations.
- Paperless Processes: Efficient online, telephone, or face-to-face Direct Debit sign-ups without paper forms.
- Automated Communication: Provide policyholders with clear, branded payment notifications and schedules.
Card Payment Processing
Our flexible card payment solutions enhance your customer payment experience:
- Online Premium Payments: Integrate secure card payment gateways directly onto your website for effortless transactions.
- Telephone (MOTO) Payments: Securely process premiums and mid-term adjustments via telephone.
- Recurring Payments: Automatically collect regular premiums, improving cash flow and reducing administrative overhead.
CRM Integration
Optimise customer management by integrating payments directly within your CRM and policy administration systems:
- Salesforce Integration: Manage and reconcile premium payments seamlessly within Salesforce.
- Accounting Integration: Smoothly connect payment data to popular accounting software, streamlining reconciliation and reporting processes.
Bureau Services
For insurers seeking to outsource payment processing operations:
- Bacs Approved: Benefit from our expert handling of your payment submissions with a fully compliant, Bacs-approved service.
- Transparent Audit Trails: Maintain comprehensive records with transparent transaction histories, essential for compliance and auditing.
- Cost Efficiency: Take advantage of our competitive, transparent pricing models tailored specifically to insurers.
Success Stories
Customised payment solution ensures recurring charitable donations
Contingency Service safeguards Bacs payments during coronavirus outbreak
Flexible Bacs solution ensures security compliance at a reduced cost
SmarterPay helps quench the thirst of UK businesses
SmarterPay ensures vital continuity of Bacs payments
Direct Debit Management Solution enables automated payments
A customised and fully integrated Direct Debit Management Solution between Salesforce and Financial Force
Bespoke Salesforce-integrated Direct Debit management and card payment solution enables flexible charitable donations
In the first weeks of 2020 as the COVID crisis developed, Smarterpay were ahead of the game
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SmarterPay Limited
Utility House
32-36 Prospect Street
Kingston Upon Hull
East Riding of Yorkshire
HU2 8PX
