Warranty America LLC Selects SEcureCard from StoneEagle Group to Streamline Claims Payment Process
SEcureCard detects and prevents fraudulent activity associated with paying claims to repair facilities and enables immediate payment reconciliation.
Dallas, TX (PRWEB) June 5, 2007 -- Warranty America, LLC, a leading service contract provider to the automotive and motorcycle industry, has selected and implemented SEcureCard. The StoneEagle Group (StoneEagle) developed SEcureCard to provide vehicle service contract administrators a real-time approach for handling claim payments.
"SEcureCard has been extremely beneficial to Warranty America. It has allowed us to double our productivity while greatly reducing the time our personnel used to spend to reconcile our credit card information. In addition, it is saving us a great deal of money by preventing the overcharging that had frequently occurred in the past," said Paul Stratch, CFO of Warranty America.
"SEcureCard is a patent-pending application that provides a cost effective way for vehicle service contract administrators to virtually eliminate overcharges and fraud associated with paying claims," said Bobby Allen, President of StoneEagle. "By implementing this program, Warranty America will substantially reduce their costs involved with processing checks and the time and labor necessary to track credit card issues. Warranty America joins a number of other administrators that have implemented SEcureCard including AFAS, AAG, Old Republic, Service Group and US Warranty. Warranty America is now able to accelerate service to their client base with a simplified claims payment process."
From the inception of vehicle service contract products claim payments have been a challenge to reconcile when paid with a corporate credit card. Administrators spend significant time and resources reconciling credit card charges back to individual claims within their administration systems and tracking adjustments that were made at the repair facility or dealership prior to actually charging the claim payment. These over/under amounts often result in major losses. If a service contract administrator allows up to only a $5 variance between claim approval and the actual amount charged to the card, significant claim dollars are spent without approval.
About The StoneEagle Group
StoneEagle has provided software tools and enterprise administration systems tailored for the insurance and automotive industry for over thirty years. StoneEagle leverages the latest technology to create safe, secure connection points between Insurance Administrators and their Automobile Dealer, Bank and Credit Union clients. The result is a multi-functional suite of applications that are an ideal solution for administrators seeking total enterprise integration. For additional information please contact Jason Gillette at 800-854-1567 or visit StoneEagle's web site at http://www.stoneeagle.com
About Warranty America, LLC
Warranty America is a privately held corporation that had been dedicated to providing quality service contract products for their nationwide vendor network since 2002. Since 1987 the President and Owner of Warranty America has been committed to providing products that answer the needs of the automotive, motorcycle, RV and watercraft industries. That commitment has resulted in programs that make sense and money for the vendors, their most important asset. For additional information please visit: http://www.warrantyamerica.net
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