The ABA group can provide a simple and a period of time solution for co-branded card payments for insurance providers who are in the business of travel insurance and health insurance.
Within the spectrum of insurance, the program offered by ABA allows the issue of cards to policyholders that are looking forward to receiving their reimbursements or receive real-time payments while overseas in order to avoid clients the embarrassment of being short of cash for expenses related to insurance.
This has proven as an effective alternative for insurance providers and a great solution for handling pay outs. It also gives co-branded card program cardholders the opportunity to access their funds instantly and directly on the prepaid MasterCard they are holding, which is considered as extremely essential particularly when dealing with clients that need access to emergency funds to deal with extreme situations.
When handling mass pay outs of any kind insurance companies will be in a position to send money to a single or over 100,000 clients without going through any kind of difficulties.
Check processing is an outdated method which has been replaced by prepaid credit cards, which is proving to be a global alternative which is perfect.