DALLAS — StoneEagle, a provider of web-based applications and end-to-end insurance administration systems, announced that Louisiana Dealer Services Inc. implemented VPay to change the method of paying Mechanical Breakdown Insurance claims among its extensive network of automotive dealer customers and approved repair facilities.
“Louisiana Dealer Services has realized considerable benefits since implementing VPay,” said Pat McBride, director of claims underwriting at LDS. “VPay provides a streamlined and responsive method of handling claims with our client dealers and simplifies the reconciliation process for our back office operations. VPay integrates seamlessly with our StoneEagle Contract Administration System, which provides heightened accuracy and efficiency for LDS.”
Developed by StoneEagle and launched in 2007, VPay is a turn-key business to business e-Payment solution designed specifically for claim payments.
“VPay eliminates overcharges and prevents fraudulent activity associated with paying claims,” said Jason Gillette, vice president of sales at StoneEagle. “By implementing VPay, LDS has substantially reduced processing costs involved with payment issues and the time and labor associated with reconciling transactions. LDS and other leading administrators have accelerated service to their client base and simplified their entire claims payment process with VPay.”