Payments Insurance

Peace of mind with insured transactions.

Our Expertise in Payments Insurance

From payment processing to digital wallets, from peer-to-peer transfers to electronic money, we understand the intricacies of the payments landscape. Our tailored insurance solutions are designed to protect payment firms  against a wide range of risks, including fraud, cyber-attacks, regulatory changes, and operational disruptions.

PAYMENT SERVICE
PROVIDER INSURANCE

PAYMENT INSTITUTION
INSURANCE

PAYMENT AGGREGATOR
INSURANCE

PROGRAMME MANAGER
INSURANCE

PAYMENT ORCHESTRATION
INSURANCE

REMITTANCE INSURANCE

MONEY EXCHANGE
INSURANCE

PAYMENT GATEWAY
INSURANCE

INDEPENDENT SALES
ORGANISATION INSURANCE

MERCHANT AQUIRER
NSURANCE

CARD ISSUER
INSURANCE

CARD NETWORK
INSURANCE

CARD PROGRAMME
INSURANCE

CARD ISSUER
INSURANCE

CARD AS A SERVICE
INSURANCE

PREPAID CARD
INSURANCE

APP REIMBURSEMENT
INSURANCE

CARD MANUFACTURER
INSURANCE

PAYMENT CARD
INDUSTRY INSURANCE

ALTERNATIVE PAYMENT
PROVIDERS INSURANCE

Elmore Payments Insurance

Reliance on networks, systems, data, cloud technology, and outsourced service providers exposes the Payments industry to an array of risks.

Changes to regulation, perception to corporate responsibility and increased media attention towards the Payments industry have focused the importance of effective operational, financial and technology risk management.

The Payments industry is both rapidly growing, and are playing an increasingly important role in the global eco system.

The Elmore Payments insurance solution:

Payments Insurance Explained

With the backing of experienced Insurers behind firms in the Payments industry firms can trade knowing their balance sheet has critical support should the unthinkable happen.

Firms operating in the Payments industry are increasingly adopting and leveraging advanced technologies to deliver innovative services.  While these innovative technologies present opportunities, they may also pose new sources of risks.

Read the Elmore eGuide on Embedded Finance and eMoney:

Multi-National Payments Programme Management

With global risk requires a coordinated approach to Insurance acquisition.  Elmore’s network of established insurance partners around the world allows for a Global Insurance Programme.  With the requirement to have local policies while being coordinated by one centralised function it can allow better compliance and visibility into the global requirements.

Parnter With Insurers

With a captive audience and engaged users why not consider cross selling insurance solutions along side the Payments offering adding value to customers, differentiating your offering and brining a new income stream for the business. 

Elmore delivers bespoke and innovative programmes for both consumer and business users, gee in touch to learn more.

Payments Risk Management

For a Payments firm to partner successfully with it’s key stakeholders, it must appreciate the breadth and depth of financial and technology risk management.

In particular, the Payments firms must understand the operational risk considerations that a stakeholder will need to consider before engaging them.

By following best practice controls and processes required to onboard insurance it can improves the overall governance and acceptance of a maritime firm.

The diagram represents the benefits of mitigating and reducing risk to optimise risk transfer through insurance:

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Payments Claims

Elmore experienced claims team is committed to meeting the highest standards of service and operational excellence.  Seasoned professionals are aligned with each specialty product line and geography and consistently employ best practice standards. As needed, Elmore partner with specialised claims consultants to ensure that no matter how complex an Insurers claims may be, the proper technical expertise is employed to analyse and resolve the loss.

Keeping Your Data Secure

We take cybersecurity very seriously and are one of the few practices in the insurance industry to certify with Cyber Essentials. These controls can significantly reduce the risk of unskilled, but widespread, cyberattacks.

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