TecAssured Integrates ConnexPay to Speed Claims Payments, Add Rebate Opportunity
TecAssured announced the addition of ConnexPay’s payment technology to its service contract and voluntary protection product administration platform, giving TPAs, agents and dealers access to merchant processing, virtual card payments and ACH disbursements within their existing TecAssured workflows.
The integration is designed to reduce manual processes, accelerate claims payments and simplify reconciliation. Eligible virtual card payments can also generate rebates paid directly to clients.
“Our partnership with ConnexPay gives our clients a smarter, more efficient way to manage payments within TecAssured,” writes Joseph Pesce, president and CEO of TecAssured, in a release. “It saves time, improves visibility and creates new opportunities for profitability while making the process easier for the people using it every day.”
The integration launched first with ECP, an appearance protection products and warranty administration provider.
“Since adding ConnexPay to our TecAssured workflow, we’ve been able to reduce manual work, move claims payments faster, and get a clearer view of our payment activity,” says Steven Krieser, director of regulatory affairs for ECP.
