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Enservio Announces Issuance of US Patent for Co-Party Activation Debit Card for Insurance Claim Settlements

Tuesday, February 12, 2013

Enservio (, the nation's leading provider of software and services to property insurers, today announced the United States Patent and Trademark Office has awarded Enservio Patent 8,346,665 for the insurance industry's first co-party activation debit card for insurance claims payments. The card has already been utilized to settle over $100 million in claims. It's applicable for auto, personal property, dwelling and liability payments.

The patented electronic settlement system, which includes a debit card solution, enables insurance carriers to deliver a claim payment solution, on two or more payment cards that can be used simultaneously. All cards must be activated before funds are available. ReStore Payments replicates the safety features of co-party checks with the convenience of a card while accelerating claim payments, reducing costs and simplifying the overall claim settlement process.

The patent is based on technology that builds in an additional security feature on top of the payment networks, requiring both parties to activate their separate cards in order for funds to be accessed.

"The industry has been trying to solve this problem for some time," said Jon McNeill, CEO of Enservio. "This product was built from the ground up with the specific needs of the insurance industry in mind to replicate co-party check behavior and to accommodate escheatment processes."

Electronic settlement with co-party functionality offer policyholders a number of benefits, including:

  • The convenience of a debit card combined with the safety features of co-party checks -- the heart of co-party activation
  • Immediate access to funds including swipe and PIN purchases as well as funds transfer and cash access. Policy holders can also take the card to hotels and restaurants.
  • Acceptance at millions of merchants
  • A universal solution addressing those insureds who may not have bank accounts and subsequently can't use checks
  • The ease of delivering reloadable supplements or release of holdback
  • Exclusive cash back deals and discounts at a number of major retailers when combined with Enservio's RestoreMall program

Insurance carriers offering card payment options to their customers can improve operational efficiencies while enhancing the customer experience with:

  • Reduced processing costs of up to 50% per transaction compared to traditional paper check payments
  • Comprehensive reporting and analytics
  • Proven retention benefits, including optional carrier branding for the card and associated web sites
  • Easy integration with existing claims payment systems

Enservio's dual activation card is available immediately for insurance carriers, financial institutions and entities interested in solutions to co party check costs. To learn more, visit, or call 855-392-4730.

About Enservio

Enservio works on the biggest challenge in property insurance -- what's inside. We provide a complete suite of software and service solutions to help property insurance carriers price their policies correctly, settle their contents claims quickly and accurately, pay their claims, and help policyholders get their stuff back. Founded in 2004, we are headquartered near Boston, in Needham, MA with offices and professional staff across the United States. For additional information, please visit the company's web site or call888.567.7557. Connect with Enservio via LinkedIn (, Twitter (, and Facebook (

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