Convenient Visa Benefits Cards
The Convenient Visa® Benfits Card is a reloadable prepaid insurance claims card that provides insurance payers and claimants a convenient, low-cost alternative to paper checks. This card gives insurance carriers the flexibility to make multiple claim disbursements on a single reloadable prepaid card or a one-time disbursement on a non-reloadable product. Claimants enjoy the security and convenience of immediate access to funds, even if they do not have a bank account, and insurance carriers can reduce the time and cost of claims payments.
Visa Insurance claims cards are ideally suited to applications where claimants will be receiving recurring payments, where maintaining full control over the payment process is paramount and where a significant portion of claimants are unbanked.
Benefits to Insurance Claims Payers- Reduce expenses associated with check payments, including printing, postage, inquiries, and replacement costs
- Avoid fees and fines through better compliance with state “prompt pay” requirements
- Minimize risk of check fraud
- Offer convenient, safe and efficient funds disbursements for claimants
- Faster access to claim funds by eliminating the wait for check clearing lag times
- Avoid check cashing fees
- Use the card to make purchases at millions of locations worldwide—in stores, online or by phone—or to pay bills remotely
- Obtain cash at Visa/PLUS® ATMs
- Greater security with Visa Zero Liability to protect against unauthorized purchases