Card Issuance

Prepaid Card Solutions and Tailored intuitive options for insurers. To meet the insurer’s needs, Art of Pay offers a prepaid card solution to provide innovative options to the insurer to deliver benefits and rewards to their customers. Art of Pay offers multiple payment solutions to support flexible premium collection and claim payouts. This includes branded virtual and physical cards that are accepted worldwide and connect the policyholder experience with retail purchases and data insights.

Carrier & Vendor Accounts

Art of Pay offers vendor management solutions that integrate approved vendors into the Art of Pay ecosystem, ensuring verified vendors get paid fast and cost-effectively. We are designed to be cost-effective from the outset and pass the savings to our policyholders. Our in-house processing platform reduces operational costs and provides maximum product flexibility. The Art of Pay Carrier & Vendor Accounts is a system specifically designed for large, low-frequency insurance vendor payments. Integrated along the value chain, Art of Pay could have the capability to open and manage merchant accounts for insurance carriers and their vendors, totally free of charge for insurance carriers. Once Merchant accounts are set up, carriers will be able to transfer funds within a close-loop system, eliminating the reliance on transaction networks, thus significantly decreasing cost.

Reporting and Reconciliation

Art of Pay’s ‘ready-to-use’ payments and insurance reporting intelligently powers insurance automation around the product, pricing, distribution, fraud detection, and underwriting, supporting IT teams that lack analytical proficiency and have incomplete data reporting. Art of Pay offers data-as-a-service subscription models for a variety of use cases: Carriers selecting AOP card issuing service will essentially eliminate the need for handwritten information on checks, manual data input, and reconciliation. This service also enables the transfer of funds at minimal costs since the transaction is 100% processed under AOP system and fixed costs related to using an outside transaction network is eliminated. Our batch data reporting shows aggregated payments and financial data to support operational efficiency and reduce complex reconciliations. Our real-time data reporting shows real-time API data pulls to support adjudication, fraud detection, dynamic pricing, and product personalization. And our custom data specializes in data pulls to support consumer insights, segmentation, and predictive analytics.

Data & Insights

Insurers are empowered to utilize a real-time 360° view of permissioned policyholder data to develop and price personalized products and services. Visibility into policyholder data powers product personalization. Through policyholder data collection, segmentation, insights & analytics we provide competitive pricing, embeddable eCommerce APIs, and Data-as-a-Service Products.

Buy Now Pay Later

Art of Pay offers your policyholders payment solutions that support flexible premium collection.