CORE INSURANCE

Insurance Digital Payment Provider PayCloud.io Introduced New Platform

PayCloud.io | May 27, 2021

PayCloud.io is pleased to introduce a digital payment platform specialized for insurers and MGAs to fulfill the continuously expanding need for digital payment solutions. While the name payCloud.io is new, the core systems and team have been in the insurance industry for over two decades. PayCloud.io spun out of insurance software pioneer Silvervine Software, uses the same forward-thinking digital payment technology as Silvervine Software, but with a dedicated payment focus.

PayCloud.io provides a comprehensive suite of modern payment solutions, each of which provides a safe, convenient, and user-friendly customer experience. Its efficient digital payment systems allow insurers to receive payments as well as initiate a wide range of outbound payments to insureds, claimants, vendors, and others. payCloud.io allows premium payments both online and by phone. The company, which is ultra-secure and always reliable, achieved 99.99% uptime in 2020 and the previous five years.

"We're pleased to formally launch payCloud.io and expand our digital payment offerings," said Timothy Cunningham, payCloud.io's director of payments. Cunningham, who has over 20 years of product and software development expertise in the insurance sector, is in charge of many new product developments that will be deployed in the coming weeks. "Because our entire payCloud.io team has prior expertise in the insurance sector, we can easily help both existing and new customers. Because we are familiar with insurance operations, structuring, and digital payment requirements, we can quickly support customers, capitalize on new digital payment opportunities, and grow within the industry."

"We are excited to offer payCloud.io, which provides customers with an expert team committed to digital payment innovation, exceptional customer support, and highly competitive rates," said Shurre Hampton, Silvervine's general manager. "Silvervine can now focus completely on developing cutting-edge insurance software to meet the rising demands of the insurance sector, due to payCloud.io. Best of all, Silvervine clients will benefit from the all-star payCloud.io team's products and services."

About payCloud.io
payCloud.io helps insurers improve their performance by providing quick, friendly digital payment experiences at the industry's lowest rates. The company provides an ultra-secure digital payment platform with inbound and outbound payment options that are also specifically tailored to the needs of insurers and MGAs. All payCloud.io solutions include simple implementation, extensive customer support, and PCI hosting for efficient risk management.

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