Version 2.1.0 Enhancement Highlights
- PremiumBill 2.1 comes with new payment import functionality that lets you import paymentdata from an external system. Data in XML format that conforms to the schema structure can be imported for making payments in PremiumBill.
- Support for electronic fund transfers is now available.
- You can now use PremiumBill to produce and process Automated Clearing House (ACH) files to and from banks. PremiumBill and PremiumBill Integration (PBI) can now recognize electronic fund transfers and will process them automatically. PremiumBill 2.1 also supports prenoting.
- Once you configure your system, your underwriters will be able to select EFT bill plans and enter withdrawal information for customers in PBI. Then, your billing staff will be able to bill EFT payments in PremiumBill and produce ACH files for a bank. Finally, your payment processing staff can apply the payments in a batch operation.
Additional Features
- A Maintenance screen provides a way to manually place customers on an EFT bill plan or remove them. You can also change withdrawal dates or make corrections.
- PremiumBill 2.1 supports follow-on activities for EFT plans. You can set parameters and activities to support non-pay EFT scenarios. Non-pay cancellation, rescissions and reinstatements are supported for EFT. Supported invoices are: Past Due Notices and Non-Pay Legal Notice.
Version 2.1.0 Fix Highlights
- Transaction information, such as the user ID of the individual who entered a receivable transaction is now available. Hover your cursor over the “i” popup on the Policy History list to see who entered a receivable transaction and the reason why, if any. (Case 839473)
- The bill XML will now correctly display the following node when a package policy is not split billed: <BilledLOB Code="Pkg">Package</BilledLOB> Prior to this fix, the node would display one of the included lines even when the policy was not split billed. (Case 749250)
- The system will now automatically use billable credits to pay off debit amounts within the same installment schedule. Before the fix, the package policy credits were not always transferred correctly.