Majesco Releases New Electronic Billing and Payment Solution Built Using Majesco Digital1st Insurance™
Deepthi | Myequity news | Date : 05-02-2019 21:15:00 IST
Majesco released a new digital online billing and payments app, Electronic Billing & Payments (EBP). The app is powered by the cutting‐edge cloud‐native Majesco Digital1st Platform™ and integrated with Cyber Source, Visa’s payment management platform, which is now available on the Majesco Digital1st EcoExchange.
The availability of EBP will enable insurers to make billing and payment digital and easier for their agents and customers. Majesco research indicates that 55‐70% of customers across all generational segments want digital and mobile bill payment capabilities. In support of this customer expectation, the new EBP app provides capabilities such as self‐registration, guest payment, management of multiple policies, one‐time or recurring payments, credit card and ACH, and the ability to view invoices and payment history available via the desktop or mobile device.
“We are extremely excited to offer this innovative Electronic Billing & Paymentsapp, built on the cloud‐native Majesco Digital1st Platform™ and with an option of using the Cyber Source platform to securely and conveniently accept credit card and ACH payments,” commented ManishShah, EVP of product at Majesco. “ EBP is a cloud‐native SaaS offering which can be quickly white‐labeled consistent with insurer’s corporate branding and rolled out into production in as little as two weeks with robust operational SLA, security and compliance without any licensing costs. This new app demonstrates the power of Majesco Digital1st Insurance™ and our Majesco Digital1st EcoExchange™ market place to meet this demand in an innovative, yet scalable way that will continue to easily adapt as insurance customer’s expectations continue to shift.”
“We are thrilled to deepen our collaboration with Majesco in servicing mutual clients across the insurance industry, helping facilitate a secure and frictionless payment experience,” said Dominic Brown, senior director, business development, Visa
. “Being pre‐integrated and officially part of the EcoExchange allows our mutual insurance clients to more easily implement our solutions and get up and running quickly, which often translates to quick savings and speed to revenue for our clients.”