One Stop

Purpose-built for Insurance – We provide the ecosystem to enable our insurance carrier and ERP customers to run, differentiate, and grow their businesses. Payment solutions and payment technology give you the ability to serve your end-users in the digital world. Our API Technology offerings provide value-added solutions to your existing technology. True Coordinated Support – because our solutions are under one roof, resulting in faster resolutions to your issues.

Accessible Data

Our data repository is specifically designed to accommodate your needs. Allows insurance carriers and ERP providers the ability to capture market opportunities faster than their competitors. We proactively communicate with your policyholders throughout the policy lifecycle.

Flexibility

Policyholders value choice and flexibility when making premium payments and receiving claim payouts. Art of Pay’s solution allows insurance providers to offer their policyholders a superior product and user experience with a diverse set of payment options. Customers can pay their premiums using existing payment methods such as ACH, credit card, and debit card or using Art of Pay’s prepaid, credit or Buy Now Pay Later solutions.

Accessibility

Insurance providers need reliable and cost effective digital claim and vendor payment solutions that also provide insurance adjudication while reducing manual workflows. We aim to deliver an exceptional experience to customers and vendors alike. Funds loaded onto Art of Pay’s prepaid physical or virtual cards are accepted universally, allowing policyholders immediate access to funds. Customers will also have the flexibility to quickly transfer funds to their bank account when appropriate.

Cost Effective

The insurance industry operates on razor-thin profit margins. The total cost of payments is often significantly higher than the carrier’s profit. Fragmented payments industry further exacerbate the problem, as multiple providers are required to process premium and claim payments while increasing overall costs and reducing flexibility. As an end-to-end payments processor, Art of Pay offers an alternative that is transparent and cost-efficient, passing the savings to insurance providers and policyholders.

Digital Enablement

Siloed and legacy IT systems are not designed to handle or automate payment reconciliation. Manual customer data collection and planning processes place a significant burden on Finance and IT teams. In the Art of Pay ecosystem, the reconciliation of customer and payment data is designed to be seamless and in real-time. Insurers are empowered to utilize a 360° view of permissioned customer data to develop and price personalized products and services.