ECHO, Sapiens Announce Digital Payment Partnership

Thursday, March 18, 2021 | 0

Sapiens International Corp. and ECHO Health Inc. on Wednesday announced a partnership to provide carriers with a comprehensive digital payment portal.

Sapiens' CoreSuite for Property & Casualty and CoreSuite for Workers' Compensation solutions will be combined with ECHO's payment processing solution to eliminate manual payment processes.

“The joint offering will allow clients to reconcile payments across multiple modalities, with minimal IT requirements and maximum-security protection,” the companies said in a statement. “All client financial data will be streamlined into a single access point, making for more efficient and profitable decision-making.”

ECHO Health provides digital payment processing services for health care, work comp, property and casualty and other specialty carriers. The company was founded in 1997 and processes more than $1 billion in payments every week, according to the statement.

Sapiens International Corp. offers digital software platforms, solutions and services for the property and casualty, life, pension and annuity, reinsurance, financial and compliance, workers' compensation and financial markets.