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IAS Selects SEcureCard from StoneEagle

February 29, 2008

Dallas, Texas — The StoneEagle Group (StoneEagle) announced that Innovative Aftermarket Systems (IAS), a provider of F&I selling software and aftermarket programs, has selected SEcureCard to automate the claims management process for its R.O.A.D. InTire program.

SEcureCard is a business-to-business payment solution that has been providing third-party administrators with a real-time approach for handling claim payments and reduced labor costs since 2004. SEcureCard eliminates the tedious manual paper-based reconciliation processes that normally can take claims departments an average of five to seven days to resolve.

Now, when a dealer (payee) requests approval for repairs covered under the R.O.A.D. InTire program, the IAS claims department authorizes a unique "one-time" use SEcureCard MasterCard number for each claim. The payee then receives an electronic authorization complete with the 16 digit number, expiration date and security code. Once the payee completes the repair and submits the transaction, SEcureCard reconciles the information to the approved claim and the payment is automatically processed through IAS’ administration system.

“SEcureCard has produced numerous benefits for IAS. It not only provides our dealers with a more streamlined and responsive claims process, it also simplifies reconciliation for our back office operations team,” said Bob Corbin, president of IAS. “The application also interfaces directly with our administration system, giving us additional efficiency. SEcureCard gives us the controls necessary to minimize the likelihood of error or fraud.”

“SEcureCard virtually eliminates overcharges and fraudulent activity associated with paying claims,” said Bobby Allen, president of StoneEagle. “By implementing this program, IAS has substantially reduced processing costs involved with payment issues and the time and labor associated with reconciling transactions. IAS is among the leading administrators who have been able to accelerate service to their client base and simplify their entire claims payment process with SEcureCard.”

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