Toronto, ON (June 1, 2021) – FIRST Insurance Funding of Canada (FIRST Canada), the industry leader in payment solutions, is pleased to announce the launch of monthly credit card payments, in collaboration with AcordPay.
FIRST Canada is the first in the insurance industry to offer payment for monthly premium financing via credit card. Now brokers can seamlessly integrate monthly credit card payments into their Payment Options Form and digital workflow. Offering even more flexibility in financing payments puts the broker in control of their client relationships and differentiates their client experience while improving their operations.
“A completely digital workflow has never been more important,” said Stuart Bruce, CEO of FIRST Canada. “Monthly credit cards offer brokers and their clients all the benefits of premium financing coupled with the convenience of credit card payments.”
“Better management of receivables and cash flow is an important factor in the success of the brokerage and their clients,” said Mike Senechal, CEO of AcordPay. “AcordPay is proud to have partnered with FIRST Canada to delivery this industry first.”
Brokers looking to offer their clients the ability to pay monthly via credit card are invited to contact David Caringi, chief sales officer at FIRST Canada.
About FIRST Insurance Funding of Canada
FIRST Insurance Funding of Canada (FIRST Canada) provides the Canadian Insurance Market with innovate payment solutions. Brokers, MGAs, and carriers can partner with FIRST Canada and expand their offering to provide more value, choice, and convenience for all their clients. The combined strength of FIRST Canada’s dedicated team, evolved offering, and innovative platform positions its partners to meet the demanding future of the Canadian Insurance landscape armed with market-leading solutions for success. FIRST Canada is part of Wintrust (Nasdaq: WTFC) a financial services company with more than $45 billion in assets and a part of the largest premium finance companies in North America. For more information, visit firstinsurancefunding.ca.
AcordPay is a leader in receivables automation for the insurance industry, simplifying the payment and reconciliation processes that too often encumber insurance professionals. Brokers can rely on AcordPay to deliver industry compliant solutions that simplifies the receivables process with our automation technology and being the single point of contact for VISA, MasterCard, American Express, Discover, Interac, Bank Payments and Point of Sale transactions. For more information, visit acordpay.com.
SOURCE: FIRST Insurance Funding of CanadaTags: AcordPay, FIRST Insurance Funding of Canada, partnership, payment