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. Our bank-neutral RenewCardTM can help you safely navigate the difficulties of workers’ compensation and deliver timely payments, reduce fraud, and lower overall costs.
Cut 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.
It’s frustrating to deal with some vendors because they outsource their processes, meaning we have to deal with several different companies to resolve one issue.
DataPath processes everything in-house. We draft from the bank, load the cards, and issue the cards. We also provide 24/7 support for any product issues. With RenewCard, when an injured worker has a problem, DataPath works directly with the person to resolve it. That means zero-liability for you and greater customer service for the injured worker.
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.
- Electronic Data Interface (EDI) connects directly with claims system
- Card issues are handled by DataPath
- Zero liability policy
- Customizable card and materials
- 24 / 7 support
Take the pain out of workers compensation payments with RenewCard.
Payment Solutions Brochures December 1, 2016
|Payment Solutions (pdf)|
|Provider Payments (pdf)|
Payment Solutions White Papers December 1, 2016
|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 December 1, 2016