AFCO Direct and PayMyPremiums Join Catalyit as a Premium Solution Provider

Catalyit is excited to welcome AFCO Direct and its PayMyPremiums (PMP) technology as its newest Premium Solution Provider. AFCO Direct is a leading name in the insurance premium finance industry, recognized for its expanded technology solutions, expert team, and client focus.

AFCO Direct’s PMP is a digital premium billing, down-payment collection and financing solution. Its mobile-friendly platform makes it easy for insureds to pay premiums in full, or for AFCO Direct to collect down payments and finance their premiums. Insureds can make payments via credit/debit card or ACH, and can enroll in recurring monthly installments. Regardless of whether an insured pays in full or finances, agents receive gross premiums from AFCO Direct 100% of the time – no more chasing funds from multiple parties.

Key Features

• User-friendly Interface: The PMP platform features a highly intuitive interface, making it easy for agents at all tech levels to navigate and utilize its features effectively.
• Secure Transactions: Security is paramount, and AFCO Direct ensures that all transactions are conducted with the highest level of security, safeguarding both agent and client data.
• Customizable Options: The platform offers customizable options to suit the specific needs of insurance agencies — no matter the size or specialty.
• Dedicated Support: AFCO Direct provides robust customer support, ensuring that agents have access to assistance whenever and however they need — including through its PayMyPremiums resources page.

Why Choose PayMyPremiums?

• Streamlined Payment Processes: AFCO Direct’s platform simplifies the payment process, enabling agents to manage financial transactions with greater ease and accuracy.
• Enhanced Cash Flow Management: The solution offers tools that help agents improve their cash flow management, a critical aspect of running a successful agency.
• Time-saving Features: With PMP’s 100% digital premium finance solution, insurance agencies can save valuable time and focus on core business activities — all without leaving their desktop!
• Improved Client Satisfaction & Retention: Faster and more reliable payment processing leads to enhanced client satisfaction, helping agents build stronger, lasting relationships with their clients.