LAKE
FOREST, Ill., April 25,
2024 /PRNewswire/ -- AFCO Direct, one of the
nation's leading providers of insurance premium finance, has
partnered with ePayPolicy to make AFCO Direct's premium financing
solutions more accessible to the insurance industry.
ePayPolicy simplifies and automates insurance payments for
agencies, brokers, MGAs, and carriers, and integrates with more
than 90% of the most popular insurance agency management systems.
Under the partnership, ePayPolicy clients that use Finance
Connect can incorporate AFCO Direct's premium finance
solutions in their checkout process.
By using ePayPolicy's new feature, AFCO Direct clients can now
enroll in financing - complete with e-signed Premium Finance
Agreements (PFAs) and automatic payments - in a single online
session through a secure connection to AFCO Direct's systems and
their own management systems.
"ePay is a trusted payment provider for the insurance industry
and this partnership enhances the financing capabilities they are
able to provide agencies," said Mike
Pappas, COO of AFCO Direct. "We share a similar vision of
providing insurance agents leading digital solutions to grow their
business and reduce costs associated with collecting premiums,
while also providing flexible payment options to insureds."
At checkout, insureds will have choice in their transaction with
premium financing and pay-in-full options presented side-by-side.
Those who select premium financing can immediately complete
simplified financing enrollment with upfront terms. AFCO Direct's
premium finance solutions are another option for insurance
companies that can continue to work with their existing PFC
partners.
"Central to the creation of Finance Connect was our intent to
preserve existing partnerships with PFCs," added ePayPolicy CEO
Mark Engels. "Integrating AFCO
Direct's solutions into our payments tools is a win-win that
provides new capabilities for our clients and added convenience for
the insured."
"Integrating our products is just the beginning," added Pappas.
"As innovators in our respective fields, we will continue our
endeavor to make paying premiums easy, fast, and secure."
About AFCO Direct
As a leader in premium finance, AFCO
Direct supports insurance agencies by developing customized
financing programs for their insureds. Our goal is to ease
administrative duties for agents, improve cash flow for insureds -
and provide easy-to-use technology for both. AFCO Direct has
transformed its business with digital offerings designed to assist
our agency partners by providing premium collection, billing, and
invoicing solutions. Our innovative tools and technology make
premium financing easy, simple, and fast, freeing up our agents'
valuable time and helping them to maximize their profitability.
Learn more: afcodirect.com
About ePayPolicy
ePayPolicy offers easier payment
tools, built just for insurance. ePayPolicy's products bring
insurance payments up to speed for agencies, carriers, MGAs and
PFCs, with secure online payment pages, automated check processing,
payables reconciliation and more. 8,000+ insurance companies trust
ePayPolicy and their expert, live support team to handle their
payments every day. Learn more: ePayPolicy.com
©2023 The AFCO Direct logo is a registered trademark of AFCO
Credit Corp. All rights reserved. All other trademarks are the
property of their respective owners.
Media Contact:
Justin Jaksha
512-968-4655
376809@email4pr.com
View original
content:https://www.prnewswire.com/news-releases/afco-direct-partners-with-epaypolicy-to-make-financing-easier-for-insurance-industry-302127912.html
SOURCE AFCO Direct