The only comprehensive, turnkey platform for efficient and convenient claim payments
ReStore Payments Platform
ReStore Payments™ is a comprehensive payment solution suite designed specifically for the insurance industry. The platform allows you to put money in the hands of your insureds up to 3X faster and reduce your expense by as much as 80%.
Payments for auto, homeowners (structure, ALE, contents, CAT), B2B and mortgage are all offered within our secure and easy to integrate platform.
Your choice of payment vehicles includes all modern types of payments in card, EFT for single and multiple payees, B2B and virtual payments, as wells as payments for mortgages or liens.
Our patented electronic settlement system enables insurance carriers to offer policyholders the flexibility of claims settlement funds on two or more payment instruments that can be used simultaneously. All payees must approve payment before funds are available, replicating the safety features of multi-party checks – simplifying the claims settlement process overall.
The patents cover all electronic payments that replace multi-party checks – debit cards, payments with mortgages, mobile payments, and ACH/EFT.
Increases policyholder satisfaction by putting money in their hands up to 3X faster
Reduces your expense by as much as 80%
Patented multi-party authorization expands reach of electronic payments
Improves metrics and ROI with lower LAE and optimized payment methods – card, EFT, B2B and mortgage or lien
Lowers the number of monitored claims requiring mortgage approval, leading to faster payments
Increases policyholder retention by offering exclusive discounts, cash back and extended warranties
Provides the policyholder with a choice of payment methods