BillMatrix and SunGard Insurance Systems
Offer Streamlined Payment Posting

May 2004 - BillMatrix Corporation, a provider of outsourced payment services to major carriers in the insurance industry, and SunGard Insurance Systems, a global leader in integrated IT solutions for financial services, are partnering to market a unique service that provides seamless posting of premium payments directly to the enterprise financial systems in real-time, as each transaction is completed.

Payments can be made using credit cards, ATM/debit cards and ACH/electronic check transactions. Whether taken directly from the insureds, through your customer service representatives or through your network of agents, payments can be automatically posted to the SunGard system, whether the insurance carrier uses the licensed product or the application service provider arrangement. BillMatrix provides hosted telephone (IVR) and Internet interfaces to take payments or can provide state-of-the-art web services to connect a proven, customized business rules-driven payment engine to your existing policyholder or agent interfaces.

By automating these processes in a real-time environment, balances are immediately updated with each transaction, allowing sharing of up-to-the second account information across the enterprise and solving the productivity and agent- or consumer-response problems of batch processing. Competitive conditions have placed a premium on timely posting in the insurance industry. Moving from end-of-day batch processing to real-time posting creates a true competitive advantage for the companies that adopt this service.

BillMatrix has a decade of experience providing an outsourced, fully automated payment service that delivers efficiency for your internal staff, your network of agents and your customer base. The company has a strong history in the insurance industry, helping some of the nation’s leading carriers to cut support costs, accelerate cash flow and improve their bottom line.

About BillMatrix Corporation
BillMatrix Corporation provides outsourced payment services for the nation’s largest companies using the latest automated consumer interface technologies. Founded in 1994 and headquartered in Dallas, BillMatrix works with corporations in the telecommunications, utility, insurance, mortgage and financial services industries to replace expensive, paper-based methods of remittance with a set of convenient, labor- and cost-saving electronic transactions. Consumers are able to make payments in a private and secure manner, via the Internet and telephone, using a variety of credit card, ATM/debit card, and electronic check payment options. BillMatrix maintains a fully staffed customer service organization to support both its clients and their consumers with any payment issues. For more information, visit www.BillMatrix.com or call (800) 596-0221.