PALM
DESERT, Calif., May 14, 2024
/PRNewswire/ -- Velocity Premium Finance, a trusted provider
of premium finance solutions, today announced a strategic
partnership with Input 1, a leading insurtech and payments
company. By adopting Input 1's comprehensive cloud-based software
and payments platforms, Velocity aims to significantly enhance its
premium finance offerings and deliver superior customer
service.
The partnership will enable Velocity to modernize its technology
infrastructure and streamline its operations with the most
efficient premium finance and digital payment platforms in the
market. Input 1's feature-rich solutions will enable Velocity to
offer one-time and recurring credit card payment functionality,
including both credit card and ACH options, to their brokers and
policyholders.
"We're excited to partner with Velocity to help them deliver a
best-in-class premium finance and digital payment solution to the
marketplace," said Chris Farfaras,
EVP and CSO of Input 1. "Our SaaS and PaaS offerings provide
Velocity with the tech stack and payments infrastructure coupled
with significant efficiencies, which will drive meaningful results
for the business and their customers."
Input 1's Premium Billing System ("PBS") and digital payments
platforms offer a modern overall experience for policyholders
and insurance providers and include responsive technical support
that answers questions and/or concerns in minutes or hours, not
days or weeks. The platform also allows Velocity users access to
automation for entities including automatic delivery of notices and
reports delivered to their inbox, whenever and wherever they
want, streamlining operations and ensuring accuracy of the
information from the outset.
"Embedding Input 1 Payments and PBS software is a game-changer
for our business," said Ovidiu Bolun, owner of Velocity Premium
Finance. "Their solutions help us differentiate ourselves in the
market in terms of both technology and service. We're confident our
customers will benefit greatly from the enhanced functionality and
improved user experience."
About Velocity Premium Finance
Velocity Premium
Finance is a leader in providing innovative and flexible insurance
premium financing solutions. Committed to empowering insurance
agents, Velocity offers competitive rates, a distinctive 50/50
profit-sharing model, and expert, in-house service to maintain
quality and control. By tailoring services to meet the diverse
needs of its clients, Velocity reinforces its reputation as a
pivotal player in the premium financing industry. For more
information, visit www.velocitypremfin.com.
About Input 1
Input 1 is a leading provider of
tech-enabled solutions for the insurance industry with a proven
track record of successfully managing $16
billion in annual insurance premiums across platforms for
over 2 million unique annual users. Input 1's solutions streamline
billing, payments, and premium finance to make insurance management
efficient and hassle-free. For more information, please visit
www.input1.com.
Media Contact:
Ryann
Checchi, Interdependence Public Relations
(708) 420-4776
377690@email4pr.com
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SOURCE Input 1