PassportCard awarded a US Patent in Recognition Of Its Revolutionary Tech

The patented technology, driven by AI, predictive analytics and a vast medical services database allow customers to facilitate automated, instant processing of insurance claims – without having to pay via their own funds and wait to be reimbursed.

The system will pre-emptively process a claim and activate the card that was given to the customer when they purchased their policy. The customer can pay with their digital wallet or card after treatment. They don’t have to go through the hassles of dealing with paperwork, processes, and personal expenses.

PassportCard is the only company in the world to offer real-time payment via a rechargeable debit card, in the event of any insurance-related scenario. This includes payment to medical services, medication and/or compensation in the case of baggage loss, delays and other emergency situations.

PassportCard, since its inception, has been a leading player in major travel insurance markets around the world. Europe and the Pacific. With this new patent – which will provide IP protection and additional growth potential in North America, one of the key insurance markets in the world – the business has set its sights on further expansion, to bring superior cross-border insurance services to more locations and customers than ever.

To allow other organizations to reap the benefits of this revolution through potential licensing and white labeling agreements, global partnership discussions are in progress

PassportCard Group President, Alon Ketzef said, “It is an honour to have received this recognition for PassportCard’s innovative technology in the United States. Our main goal has been to continuously innovate to remove the friction inherent in insurance. We will continue to seek out customers via their preferred channels. Whilst our end-to-end digital solution is important, it’s equally paramount that the personalized, 24/7 customer support we provide fully aligns with our tech advancements – a perfect combination that delivers PassportCard’s unique and unparalleled customer experience.

“With our technology being recognized as unique, and other pending patents for additional innovation in customer experience, we feel in a stronger position than ever to expand into additional territories. We look forward to this next exciting step in bringing seamless and fuss-free insurance to the masses.”

Get latest news from African Startup ecosystem

Latest stories

You might also like...