One area experiencing significant movement is payment technology related to premiums for insurance benefits. Since then, the rate of innovation in the insurance industry has picked up the pace. In the past few years, however, many providers began to move away from the face-to-face service model. Historically, the insurance industry often wasn’t the first sector that came to mind when discussing innovation. Through continuous payment innovation, the Milwaukee-based company helps its clients and partners overcome any challenges they might face when trying to move money in, out, or around their organizations. The company’s payment platform not only facilitates RDC, but also handles automated clearing house (or ACH), credit card processing, remittance processing, and sub-accounting, among other capabilities. As an end-to-end payment solution, however, iStream has continued to add to its cadre of services. The company’s capabilities allow a user to take a picture of a check and then upload the electronic image to initiate a deposit. Since its founding in 2004, iStream has become a pioneer in the remote deposit capture (or RDC) check imaging space. Discover their visions for the future: About iStream The following is part of a series on affinity distribution and the future of insurance through the lens of PIMA Company Members who are seeking innovative ways to address industry challenges.
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