(Image source: ePayPolicy homepage.)
XDimensional Technologies (XDTI; Brea, Calif.) has announced a partnership with ePayPolicy (Austin, Texas), a payments platform for the insurance industry. Through the terms of the partnership, ePayPolicy will be integrated with the Nexsure Insurance Platform giving XDTI customers access to ePayPolicy’s payment processing capabilities.
ePayPolicy provides an easy-to-use, end-to-end solution that allows carriers, retail agencies, MGAs, and wholesale brokers to get up and running with electronic payments in days, dramatically reducing the number of paper checks they process while also simplifying their accounting reconciliation with automated data entry, according to a joint statement from the vendors.
“Digital payments are the new standard. Policyholders are used to paying by credit card or ACH,” comments Mark Engels, CEO, ePayPolicy. “With the ePayPolicy, Nexsure Insurance Platform customers will be able to meet their clients’ demand for digital payments and enhance their digital experience with automated payment reconciliation.”
Efficiency and Enhanced CX
“We’re excited about this integration and the benefits our customers will enjoy from our partnership,” comments Krista Weaver, President & COO, XDimensional Technologies. “Leveraging ePayPolicy’s digital payments solution within the Nexsure Insurance Platform will translate into processing efficiencies and an enhanced focus on the customer experience.”
Both XDTI and ePayPolicy have received significant investments from Serent Capital (Austin, Texas/San Francisco), a growth-focused firm that invests in technology and tech-enabled services companies, which became the majority stakeholder of XDTI in early 2021.