OneShield Billing System Enhanced with Payment Solution from BNY Mellon

OneShield, Inc., a provider of policy and billing core systems for property & casualty insurers, and BNY Mellon announce an alliance whereby OneShield will integrate a suite of BNY Mellon's advanced ePayment solutions into the OneShield Dragon Billing platform.

OneShield's Dragon Billing manages the billing lifecycle from billing instruction to close, and manages direct and agency billing across all lines of business. Automation of commissions, exception handling, promise and delinquency processing, carry forwards, write-offs and refunds are a sample of Dragon Billing's functionality.

With Dragon Billing, insurers can provide flexible billing options, payment plans, and features to help resolve customer issues quickly and easily. Under this alliance, OneShield Dragon will be enhanced to include an integrated suite of BNY Mellon payment solutions, including electronic payments, automated clearing house payment processing, disbursements, and lockbox services.

“The BNY Mellon-OneShield alliance significantly enhances the billing and accounts receivable capabilities previously available on our Dragon platform,” says Steve Forte, director global product management and alliances. “Because of Dragon's component-based architecture, we're able to provide BNY Mellon's advanced electronic bill payment processing capabilities in a seamless manner. Our alliance with BNY Mellon is leveraging a key feature of our technology to give our clients fully-integrated access to a robust array of bill payment processing solutions.”

“Our alliance with OneShield moves us an important step forward in our strategic development of solutions for insurance industry clients,” says Susan Skerritt, executive vice president and head of global product management and strategic development for BNY Mellon's Treasury Services group. “We've always put a premium on innovation and continuous product improvement. Now we're expanding our focus to include creative collaborations with companies whose technologies are uniquely responsive to the needs of clients in strategically important market spaces. The end result is a win for us, our alliance partners, and our clients.”