ACI Worldwide has joined forces with property and casualty insurer platform provider Guidewire Software to expedite premium payments.
The collaboration will allow insurers to integrate ACI Speedpay with the full Guidewire InsuranceSuite platform to allow policyholders pay bills and receive payments.
The move follows the completion of ACI’s Ready for Guidewire validated accelerators for Guidewire platform’s BillingCenter and ClaimCenter.
The BillingCenter accelerator will allow P&C insurers to accept payments made through credit cards, debit cards and ACH. On the other hand, ClaimCenter accelerator allows insurers to disburse claim payments in real time.
Guidewire Software Global Solution Alliances vice-president Becky Mattick said: “We’re pleased to see the completion of ACI’s Ready for Guidewire BillingCenter and ClaimCenter accelerators as insurers can now integrate ACI Speedpay with InsuranceSuite.
“ACI Speedpay provides policyholders with many ways to pay insurers, whether through an agent or via mobile, web or mail.
“The completion of the ClaimCenter and BillingCenter accelerators facilitates insurers’ ability to provide the claims disbursements and payments flexibility that policyholders need.”
ACI Worldwide executive vice-president Sanjay Gupta said: “With the completion of ACI’s Ready for Guidewire validated accelerators, insurers can drive consumer loyalty through improved satisfaction with the billing and payments process, increased savings and enhanced security.”