US Bank today announced a partnership with Enservio, Inc., a Solera Holdings, Inc. company, and the leading provider of contents claim management software, services, and payments solutions for property insurers.
Through this partnership U.S. Bank will utilize Enservio’s Paysurance® platform, an innovative solution for insurance industry clients, to streamline a previously intricate and complex process that both insurers and customers encounter when paying or collecting a settlement.
“At U.S. Bank, we’re committed to meeting the needs of our clients through innovative payment solutions and financial services technology,” said Rich Erario, executive vice president and head of Global Treasury Management at U.S. Bank. “Enservio is a recognized leader in automating the disbursement process for insurance companies, and we’re excited to partner with them to deploy the technology needed to accelerate the secure processing of electronic payment and reconciliation for single and multi-party claims.”
Paysurance can help insurers reduce the cost and time associated with processing claims, while providing clients with their settlement funds more quickly. The technology supports payments for auto, homeowner, mortgage and B2B insurers, among others.
“With its large base of insurance clients and its reputation for innovation in the payments space, U.S. Bank is an ideal partner for our Paysurance product,” said Robert Chase, managing director at Enservio. “We look forward to working together to bring comprehensive payment solutions, including our patented multi-party authorization capability, to the insurance industry.”
U.S. Bank is a leader in payments and financial services innovation, focused on developing products and services that help clients stay a step ahead.