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Key ClearPay Features:

  1. Custom Designed for Insurance Industry
  2. Customize and Manage Users
  3. Real Time Notifications
  4. Access and Manage Payment Reports
  5. Automated reconciliation report
  6. Bank level Security

1) Custom Designed for Insurance Industry:

  • Closed system that can only process payments from brokerages to carriers
  • Works with multiple systems and accounts
  • Carrier settled – funds are pulled by Carrier

2) Customize and Mange Users:

  • Designate and manage users
  • Customize user settings to determine access levels and notifications

3) Real Time Notifications:

  • You receive full notice of pending payments upon brokerage authorizing payment
  • Policy data is directly associated with payment

4) Access and Manage Payment Reports:

  • View real time reports that identify payment stages as pending, authorized or deposited
  • Access associated policy data needed for reconciliation
  • View historical deposits by brokerage (filter search criteria)

5) Automated Reconciliation Report:

  • Choose file format to receive data
  • Direct web services feed available for straight through processing

6) Bank Level Security:

  • ClearPay utilizes a level of system protection on par with many international banking institutions, including 256 bit encryption and data exchanged with standard security protocols
  • Funds are transferred based on established and safe banking procedures
  • Read more about ClearPay security