Enservio Expands ReStore Payments PlatformJuly 15, 2014
Enservio has extended its ReStore Payments platform that offers insurance companies additional flexibility and consumer choice when settling claims payments.
According to a release from the company, Enservio, in addition to the RestoreCard debit card, supports all means of electronic payment methods including direct deposit, electronic funds transfer (EFT) and mobile payments.
In support of this functionality, Enservio said that the United States Patent & Trademark Office recently issued U.S. Patent No. 8,762,278 titled "Dual Activation Financial Products," which expands the family of dual activation patents to EFT.
Dual activation protects against fraud by ensuring that two or more parties must all provide authorization before funds are released.
"Claims settlement by preloaded debit cards give claimants access to their funds up to 3X faster than a traditional paper check," said Tom Crowder, General Manager for Enservio ReStore Payments. "With extended payment options, our platform provides a truly revolutionary way to reduce costs and simplify the overall claim settlement process."
Enservio provides software and services to help show what's inside an insured's home or business.