Major Payment Systems, LLC Announces Exclusive Partnership with The StoneEagle Group to Process Warranty and Insurance Related Claims via a Virtual Credit Card Platform

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The StoneEagle Group to Streamline and Automate the Claims Payment Process for Warranty and Insurance Companies.

Major Payment Systems, LLC a leading provider of financial transaction processing, announced a exclusive partnership with The StoneEagle Group for the purpose of processing warranty and insurance related claims payments via Major Payment Systems’ vCom™ Virtual Credit Card Platform.

StoneEagle built the Virtual Card solution for Service Contract Administrators and collaborated with Major Payment Systems to create the first true business to business credit card. Service Contract Administrators no longer need to worry about fraud, overcharge or subsequent charge situations by repair facilities. The Virtual Card eliminates the cumbersome reconciliation process and repair facilities receive funds the same day.

“We needed a vehicle to facilitate claims payments for our clients. Major’s Virtual Credit Card Platform will give us the ability to offer our clients a fully integrated payment solution for high volume claims payments,” said Robert Allen, President of StoneEagle.

“This partnership has opened the doors to many opportunities for us,” says Randy San Nicolas, VP of Business Development for Major Payment Systems. “StoneEagle’s proven track record and experience in their respective field is what makes our new relationship exciting. Their creative application of existing payment services will increase our processing volume exponentially.”

About The StoneEagle Group

The StoneEagle Group provides software solutions and enterprise administration systems that power Insurance Carriers, Service Contract Administrators, Third Party Administrators and Aftermarket Providers. StoneEagle leverages technology to create safe and secure connection points between Administrators and their Automobile Dealer, Bank and Credit Union clients, resulting in a multi-function solution suite of applications. Headquartered in Richardson, Texas, StoneEagle personnel have been involved in providing software applications to the insurance and related industries since 1967. For more information visit http://www.stoneeagle.com

About Major Payment Systems, LLC

Major Payment Systems, LLC. is a privately held subsidiary of Dallas based software engineering and communications firm Major Financial Services, Inc. We deliver real-time transaction processing solutions into a wide variety of custom business applications.

The MAJOR Platform is a compilation of next generation technology and proven solutions that have been successfully implemented for the past fifteen years in the applications of banking and finance, and government accounting systems. In the early 1980s, our Founder and President Harry Williams filled the role of technical project manager for IBM in the development of the AS/400 computer. Development included managing the tape drive system, communications, testing and manufacturing. The AS/400, now the iSeries, went on to become and still remains the standard for large enterprise, financial, and government systems.

Major Payment Systems, LLC is committed to bringing the MAJOR processing platform to market through aggressive sales and marketing efforts and strategic relationships. For more information visit http://www.majorpayments.com

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