Dream Payments

Dream powers real-time and embedded payout services for insurers and software platforms in both the USA and Canada via an integration to J.P. Morgan Payments.

Partner product overview

Dream Payments and its integration with J.P. Morgan Payments helps enable insurance carriers and software platforms to automate and digitize claims disbursements and vendor payouts through a single, secure API and Embedded Payments Platform. The Dream API and Embedded Payments platform integrates directly with leading off-the-shelf Insurance Policy Administration, Claims Management, Accounting, and ERP platforms, allowing insurers and businesses to embed digital payout capabilities into their existing claims and accounts payable workflows. Insurers and businesses can send payments via Real-Time Payments (RTP), ACH, EFT, Virtual Cards, and Checks, providing claimants and suppliers, such as healthcare providers or autobody repair shops, with multiple options to receive their funds quickly and securely. The solution includes a white-label portal for payers, enabling them to manage the entire payout process, from adding payees to issuing and tracking payments. By connecting to and leveraging J.P. Morgan's payment rails, Dream Payments helps ensure efficient payouts, reducing reliance on slow, costly paper checks and enhancing the overall payout experience for both payers and their customers.

Benefits with J.P. Morgan

  • J.P. Morgan Payments Integration: Dream's solution is fully integrated into J.P. Morgan Payments. With this integration, J.P. Morgan’s insurance carrier clients and software platform partners can rapidly launch digital payout services that work with bank accounts held at J.P. Morgan. This helps eliminate the need for clients to invest time and effort in building bespoke integrations, allowing for quicker implementation and reduced development costs.
  • Access to a Range of Payment Options: Dream has integrated with all of J.P. Morgan’s payout capabilities, enabling clients to send checks, ACH, EFT, Virtual Cards, RTP and more through J.P. Morgan’s payments infrastructure. Providing payees choice and more real-time payment methods, greatly enhances overall customer experience.
  • Cost Reductions and Operational Efficiency: By enabling an integrated and automated digital payments service with multiple digital payout options, payers can significantly reduce their payout-related expenses. This includes savings on manual check processing, printing, mailing, and handling costs, as well as a reduction in customer support inquiries related to payment delays or issues.
  • Automates and Improves Reconciliation: By embedding payment functionalities directly into insurance claims and accounts payable software, users can automate disbursements, helping reduce the risk of human error associated with manual data entry. This integration helps ensure accurate and timely payments, simplifies reconciliations, and frees up valuable resources.

Dream Payments is a fintech that powers an API and Embedded Payments Platform that powers embedded payment acceptance and payout services for North America's leading financial institutions, acquirers, insurers, and software platforms.