Claim Payment Automation – Learning Opportunity

Ryan Rapp

Commercial & Agricultural Loan Officer/VP Commerce Bank Hannibal, MO 63401

And

Timothy Sexton

Vice President National Claims Payment

Commerce Bank

St. Louis, MO

About the Presentation:

CommerceVantage ™ Claims Payments automates claims payments to providers and claimants within a single solution. Providing faster payment and easier reconciliation, Claims Payments replaces provider (B2B) check payments with virtual card payments, while streamlining claimant (B2C) disbursements using a Visa(r) Prepaid Debit card.

– No software to host

– Retain existing processes and procedures

– Reduce check expenses

– Revenue share paid monthly on B2B card payments