International & domestic payout solutions for the insurance sector
Streamline your payouts to reduce errors, eliminate delays & improve efficiency.
Insurance payout processes are often paper intensive and manual in nature but in the age of digitisation, insurers need to meet shifting payee expectations by adapting to digital payment methods.
The Fexco payment platform is designed to automate and streamline the payment process to claimants, subsidiaries and overseas suppliers. Automatic validation of payee bank details ensures error-free, straight through payments, so you can focus on growing your business.
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Bank account validation
Reduce fraud
Improve efficiency
Automated reconciliation
Here's what our clients say...
How Fexco benefits insurance organisations and their payees
Reduce fraud
Remove sensitive payment data from your current operation.The Fexco payment platform processes and records transactions and audit trails and role based views mitigate risk and fraud whilst ensuring compliance.
Payment choice
Pay suppliers and claimants in a variety of digital methods including SEPA, wire and domestic ACH. We also still offer payment by cheque and mass cheque runs can be processed and completed with a single file.
Bank account validation
Fexco's validation tool detects bank account errors before payments are processed. This eliminates costly recalls and repair, calls to beneficiaries to confirm details and guarantees the quick and seamless delivery of payments.
Mass payments
Avoid the administrative burden when paying multiple payees across the globe. Make effortless mass payments in over 130 currencies from a single platform and track all payments for greater cash flow visibility.
Streamline your payouts & and improve insurance payment efficiency today
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Safe, secure & compliant
As a regulated financial institution Fexco Corporate Payments uses robust client asset procedures to keep your funds protected.
In October 2016, Fexco Corporate Payments became the first Irish payments provider to achieve the esteemed ISO 27001 Certification.
