Dream Payments, a digital platform for banks and insurers, today announced that it has released a simpler way for insurers to optimize their claims systems and offer digital payments to consumers. With the Dream Claims Payment API, the first of its kind exclusively for the insurance industry, insurance companies can now more easily connect to the Dream Payments Hub and the Mastercard Send platform to pay claims digitally, rapidly and securely into the bank accounts and debit cards of their customers.
It is estimated that each year, insurers pay out over
"Our API allows insurers to rapidly integrate digital claims payments into their claims systems and processes to deliver an exceptional experience for both end customers and internal claims personnel," says Long Van, CTO of Dream Payments. "Through one API and the Dream Payments Hub, insurers of all sizes can now benefit from the speed and efficiency of digital claims payments and eliminate the friction associated with printing, sorting, mailing and tracking of checks."
The Dream Payments Hub and its Claims Payment API are built on the IBM Cloud, which provides a reliable, secure, and scalable platform for the world's leading insurance providers. "Dream Payments leverages IBM Cloud for VMware Solutions to better serve leading insurance companies across the globe," said
Dream Payments will be hosting meetings with insurers and providing demonstrations of the Dream Payments Hub and Claims Payment API at the upcoming
About Dream Payments: Dream Payments provides cloud payments solutions that enable financial institutions and insurance companies to provide frictionless digital and mobile payment services to their end customers and business clients. Dream is backed by leading venture and strategic investors, including