Our transformative Dynamic Multiparty Payments create a holistic multiparty digital payment system for all use cases in insurance claims disbursement. Dynamic Payments incorporate our Single and Multiple-Depositors solutions into the MRoute Multiparty Payment Routing System, which has revolutionary capabilities unseen in payment digitization. It is the creme de la creme of multiparty digitized payments.
With next-gen digital claim disbursement features for insurance carriers to route payments to multiple payees or parties, the system further facilitates payees taking various actions regarding the funds. The system also seamlessly helps insurers fulfill their payment obligations to their policyholders, while simultaneously satisfying the insurable interest rights of policyholders’ lenders or any interested party.
In addition, we never touch the funds —payment goes directly from payer to payees—eliminating the need for us to send or receive payment or PII data. This lean process eliminates prohibitive compliance hurdles while helping you leverage your current corporate payment systems from ACH, RTP, card payments, Zelle, and more.
Easy multiparty claims disbursements performed digitally via MRoute’s Multiparty Payment Routing System with Dynamic Payments and other features.
- Holistic multiparty payments
- Patented Multiparty Payment Routing System and protocols
- Custom API integration and configuration
- Insurer multiparty payment wizard
- Insurable interest and interested party decisioning protocols
- Payee payment rerouting and re-disbursement
- All Single and Multiple-Depositors’ features
The MRoute Multiparty Payment Routing System is patented, with numerous options and functionalities for corporate entities making insurance claim disbursements to multiple parties. Our protocols digitize the multi-payee or two-party paper check process in its entirety, with holistic multiparty payments for enterprises that are the payer or payees in a transaction.
MRoute Corp. owns the exclusive rights to the multiparty or multi-payee protocols for digital payments.