Reduce fraud and increase customer satisfaction.
Fraudulent claims, slow resolution, and waiting for payment can drive up costs and frustrate customers. WEX Insurance Payments are a more secure way to pay preferred and out-of-network suppliers, which can save money and preserve customer loyalty.
Take advantage of WEX Insurance Payments to reduce costly payments by check. After reaching a claim settlement, simply click a button to create a unique virtual account for each claim payment. WEX Insurance Payments allows for set purchase limits for exact payment amounts, increasing security.
- Pay and close claims faster
- Lower your average payment servicing time
- Reduce incidence of payment fraud and disputes
- Automatically reconcile payments so you can redeploy resources to more strategic matters
How the WEX Insurance Payment Program works
Our single-use electronic claims payment program leverages virtual card functionality to deliver complete control over the electronic claim payment process, while delivering value-added information for the accounting department.
Virtual Payment Process