Automotive Warranty and Medical Services Providers now benefit from real-time authorizations resulting in significantly reduced payment time and the costs associated with the distribution and management of other forms of payment
Dallas, TX (PRWEB) April 20, 2010
The StoneEagle Group (StoneEagle) today announced the successful rollout of an upgraded real-time financial transaction and settlement authorization process using a certified MasterCard® Interface Processor (MIP) provided by Meta Payment Systems® (Meta). This upgraded approach to transaction and settlement authorizations provides a great advantage in serving our primary customer groups. Specifically, automotive warranty and medical services providers now benefit from real-time authorizations resulting in significantly reduced payment time and the costs associated with the distribution and management of other forms of payment.
The process improvement was predicated on an end-to-end revamp of StoneEagle’s entire authorization and payment process system. StoneEagle set up and is now utilizing our own processor capabilities. In addition to supporting the upgraded claims authorization and payment process, StoneEagle has the ability to see card behavior in real-time making it ideal for providing higher levels of just-in-time support and proactive monitoring services to our clients. StoneEagle’s ability to issue and authorize cards takes all risk of fraud out of the transactions.
“We are pleased with the outcome of this project,” commented Bobby Allen, CEO of StoneEagle. “The development investment has already paid off – we have exceeded the expectations of our existing customers and we are winning new customers. During this process we gained a great appreciation for the sponsorship and MIP services that Meta is providing, but we have even more appreciation for the guidance and expertise provided in supporting the implementation of this significant process upgrade. Meta truly exemplifies what it means to be a great partner.”
About The StoneEagle Group
StoneEagle designs, develops and delivers software solutions and enterprise administration systems for numerous Insurance Carriers, Third Party Administrators and Aftermarket Product Providers. StoneEagle leverages technology to create secure connection points between these providers and their client base, which are predominately Automotive Dealers and Financial Institutions. StoneEagle solutions are utilized by over 6500 automotive dealers through relationships with multiple clients, ranging from general agencies specializing in finance and insurance to software application providers servicing the automotive industry. For additional information please visit http://www.stoneeagle.com.