RenewCardTM – Card-Based Workers Compensation Payments
Today’s workers’ compensation environment is complex and ever-changing due to an increasingly mobile workforce and a rise in injury severity and recovery duration.
For over a decade, DataPath has been making leaps and bounds in the benefits administration industry with our card-based payment solutions and market-leading customer support. Our bank-neutral RenewCardTM can help you safely navigate the difficulties of workers’ compensation and deliver timely payments, reduce fraud, and lower overall costs.
Blast through the challenges of workers compensation payments with DataPath RenewCard.
RenewCard ensures that workers compensation payments are made on time and the injured worker can access the funds immediately. The easy-to-use RenewCard solves many of the common problems experienced by payers and injured workers, such as:
We receive a lot of phone calls from frustrated workers about missing or late payments.
RenewCard is bank-neutral, helping drastically decrease the chance for fraud, payment error, and escheatment – all of which slow down the payment process. Once an injured worker receives the card and registers through the web portal, the funds are accessible. Additionally, payers set up a payment schedule that reloads the card on time and the funds are immediately available. This means that injured workers don’t have to worry if they live in a different city than their bank since they can use their funds anywhere, anytime.
Of course, if the injured worker chooses not to use RenewCard, DataPath is flexible and can issue payment through traditional methods.
Delivering payments to mobile workers who don’t have a bank is challenging. They have to wait on check delivery, and then find a place to cash it. The process is slow and costly from start to finish.
DataPath’s partnership with MasterCard® ensures that RenewCard holders can use their card everywhere MasterCard is accepted. Plus, the injured worker can use RenewCard at an ATM for cash withdrawals. Once the card is funded, the money is immediately available. No waiting on the mail or using expensive check cashing services.
Check fraud is incredibly frustrating. It slows down the payment process and costs a lot of time and money to investigate the crime, stop payment, and reissue the payment.
RenewCard is mailed directly to the injured worker, who has to register the card through a secure online portal. The worker is the only person who can log into the portal, minimizing the chance for fraud and escheatment. Once the card is registered, the injured worker can start using the funds immediately.
How does RenewCard work?
RenewCard simplifies the indemnity payment process. Once a payer submits a payment request, DataPath creates an ACH transaction, issues a pre-loaded RenewCard to the injured employee, and reloads the card with workers compensation payments automatically.
- Market-leading customer support
- Electronic Data Interface (EDI) connects directly with claims system
- Card issues are handled by DataPath
- Zero liability policy
- Customizable card and materials
- DataPath’s partnership with MasterCard® enables greater access to funds
Take the pain out of workers compensation payments with RenewCard.
Payment Solutions Brochures February 1, 2017
|Payment Solutions (pdf)|
|Provider Payments (pdf)|
Payment Solutions White Papers January 18, 2017
|Assessing the Hidden Risks of Payment Processing [ web | pdf ]|
|The Benefits of End-to-End Card Processing: Effective, Efficient & Secure [ pdf ]|
|The Missing Link in Provider Payments [ web | pdf ]|
|The Hidden Costs of Indemnity Payments [ web | pdf ]|
Payment Solutions Videos February 6, 2017