The Insurance Industry’s Most Versatile Digital Payments Platform
Give your clients a superior payment experience with Applied Pay®, the insurance industry’s most versatile digital payments platform. Applied Pay provides a safe, convenient way for insureds to pay their premiums online from any device and integrates seamlessly with EZLynx. Collecting premiums should never be the most challenging part of what you do. Supercharge your collection process today with Applied Pay, and reduce the effort, errors and liability associated with agency bill pay.
Key Benefits
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Repurpose Accounting Tasks
With automated workflows, days spent sending payment due date notifications and reconciling transactions back to core agency management systems are over. Instead, spend that time doing tasks that bring greater ROI to your agency.
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Cut Costs and Realize Profits Quicker
Shorten collection time, reduce check processing tasks, and speed up deposits. Automated accounts receivable reconciliation reduces workload inefficiencies and eliminates the need for specialized personnel to manage payments.
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Standardize All Payments Data into One Place
Gain insight into all agency bill data by viewing digital payment transactions in one place. Through Applied Pay’s Agency Portal, see transactions in real time. Offer refunds, send receipts, and issue notifications, from one easy-to-navigate dashboard.
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Reduce E&O and Increase Security and Compliance
Improve efficiency by reducing errors and omissions that occur with manual input. Operate stress-free knowing your data processing complies with both PCI and NACHA regulations. Safegaurd against fraud with state-of-the-art security measures.
Product Features
Payment Flexibility
Equipped with flexible payment options, including ACH, Credit and Debit cards, Applied Pay gives your customers the power to pay how they choose. It also offers powerful features like next-day funding, split funding into multiple accounts, paying multiple invoices at once, and the option to set up recurring payments.
Product Integration
Built with robust, scalable APIs that integrate fully with the EZLynx platform and process payments fast and efficiently.
Real-Time Visibility
Easy-to-use dashboards let you access the right data at the right time. Real-time snapshots of all your payment transactions as they occur appear in the admin portal, helping to safeguard against policy lapses and defaults in coverage.
Compliance
The securitization and tokenization of sensitive data reduces liability for agencies and handles PCI and NACHA compliance. Because sensitive information is protected, Applied Pay helps you remain compliant while accepting digital payments.
Expedited Settlement
Accounts receivable process automation simplifies and speeds up premium collection and reduces internal workloads, so you can settle your payments fast and drive a more profitable book of business.
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Hosted Payments Page
The payment checkout page is secure, highly intuitive and hosted on your agency’s website. With a unique URL branded to your agency, your clients can pay their premiums safely and easily.
Accounts Receivable Reconciliation
Invoices are tagged within the system and sent to payees for payment. When payment is complete, the system then returns the transaction status back to the invoice and automatically reconciles.
