This solution taps into a powerful retailer network that facilitates claim fulfilment, customer satisfaction and improved loss-ratios.
CLAIMSCARD
An innovative prepaid card replacement process
NO INTEGRATION
Fully secure Standard Bank sponsored MasterCard Debit Card
Settlement through the banking network
REPORTING
Detailed monthly reports
NORMAL PROCESS
No staff training required – standard MasterCard
settlement type
MERCHANT FILTERING
Advanced filtering capabilities – ensuring directed spend
INSURER BENEFITS
ALLEVIATE CASH PAYOUTS
Fraud reduction
Reduce maverick spend
INCOME GENERATING
Retailer rebates
Interest income
Premium preservation – underwriting
EFFICIENCIES
Ease of use, reduced admin
Next business day fulfillment
Single reloadable card for multiple categories of claim
FLEXIBLE
Preferred suppliers loaded
Customised branding by Insurer/Broker
Reloadable card