The insurance industry faces tremendous challenges when it comes to protecting customer data. Due to the nature of the business, a vast amount of sensitive information is collected about each customer. New stringent regulations demand that the data is kept secure, with steep penalties for non-compliance. Meanwhile, large databases of sensitive data are enticing targets for increasingly savvy hackers who can use that information for identity theft, fraudulent payments, and more. The consequences of a security breach are numerous and often devastating: lost customers, damaged brand and reputation, government fines, the cost of revising the information technology infrastructure, and a public relations crisis. How do you run a successful, PCI compliant insurance company without becoming a data security expert as well?
If you know a thing or two about TrustCommerce, you know that we live and breathe security. You also know that we are flexible. Accepting payments in a variety of ways, is critical to most merchants. Take for example your typical hospital system. They collect co-payments at the terminal prior to a doctor’s visit, allow patients to pay their bill at a kiosk in the lobby, accept payments via web-based patient portal, utilize Interactive Voice Recognition (IVR), and much more. It is common for Non-Profit organizations to accept one-time and recurring donations online and also collect donations at events and activities. TrustCommerce payment solutions make it easy to capture payments wherever your customers are utilizing the most convenient and effective method. To that end, we’ve added a new method to accept payments—via your mobile device. We are happy to introduce you to PayWithIt, the TrustCommerce secure mobile payment acceptance solution.