US-based digital payments provider Checkout.com has entered into a collaborative agreement with Sure to improve payments for digital insurance. In a bid to further optimise the digital experience for individuals accessing insurance solutions, Checkout.com and Sure teamed up to scale payment performance.

Working together with Checkout.com is set to support Sure’s digital payment strategy and assist its partners in expanding their operations in the current digital economy. The move comes shortly after Checkout.com launched additional products in its offering, including Remember Me, a feature allowing shoppers to save their card once and be available in the Checkout Network for use. Among the other capabilities, Checkout.com introduced the Checkout Business Account, which focuses on augmenting cash flow across the firm’s suite of products.

Optimising the digital insurance payment experience The collaboration with Checkout.com is set to also enable Sure to accept payments from credit and debit cards while managing recurring monthly payments directly and those managed on behalf of its users. As an insurtech business, Sure is committed to improving how insurance is purchased and managed digitally, with its infrastructure delivering the backend network that connects carriers and brands to support digital insurance experiences within websites, mobile interfaces, and points-of-sale, among others. Moreover, the partnership with Checkout.com allowed Sure to scale its acceptance rate across regions, which led to increased revenue for its insurance enterprise customers.

In addition, Sure adopted Real Time Account Updater as part of the alliance with Checkout.com, a solution that recovers lost transactions from inactive card details and augments the customer experience. Also, the company is set to utilise Fraud Detection Pro, Checkout.com’s fraud service, to develop custom rules for each of its consumer profiles and create a screening strategy that falls in line with its business objectives. When commenting on the announcement, representatives from Sure underlined that the merger between their company’s payment solutions and Checkout.com’s platform customised to meet insurance providers’ needs, demands, and preferences enabled Sure to scale its payment acceptance rates, simplify its operations, and benefit from additional revenue opportunities.

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