Mechanical Breakdown Protection, Inc. Selects SEcureCard from StoneEagle

SEcureCard Provides Immediate Payment Reconciliation for Repair Claims

SEcureCard is a business to business payment solution that has been providing third party administrators with a real-time approach for handling claim payments and reduced labor costs since 2004. SEcureCard eliminates the tedious manual reconciliation processes that normally can take claims departments an average of five to seven days to resolve.

Now, when a dealer or repair facility (payee) requests approval for repairs covered under a MBPI program, the MBPI claims department authorizes a unique "one-time" use SEcureCard MasterCard® number for each claim. The payee then receives an electronic authorization complete with the 16 digit number, expiration date and security code. Once the payee completes the repair and submits the transaction, SEcureCard immediately reconciles the information to the approved claim and the payment is automatically processed through the MBPI administration system.

“SEcureCard has created a number of benefits for MBPI. We are able to process payment to the dealer at a much quicker pace than before. We have also improved internal efficiencies by reducing the need for numerous reconciliation procedures while at the same time reducing fraudulent credit card usage,” said George Meiners, CFO of MBPI.

“SEcureCard virtually eliminates overcharges and fraudulent activity associated with paying claims,” said Bobby Allen, CEO of StoneEagle. “By implementing this program, MBPI has substantially reduced processing costs involved with payment issues and the time and labor associated with reconciling transactions. MBPI is among the leading administrators who have been able to accelerate service to their client base and simplify their entire claims payment process with SEcureCard.”

About The StoneEagle Group
StoneEagle designs, develops and delivers software solutions and enterprise administration systems for Insurance Carriers, Third Party Administrators, and Aftermarket Product Providers. StoneEagle leverages technology to create secure connection points between these providers and their client base, which are predominately Automotive Dealers and Financial Institutions. SEcureSolutions are utilized by over 5000 automotive dealers through relationships with multiple clients, ranging from general agencies specializing in F&I to software application providers servicing the automotive industry. For additional information please visit www.stoneeagle.com.

About Mechanical Breakdown Protection, Inc. (MBPI)
Mechanical Breakdown Protection, Inc. (MBPI) is one of the country's premiere Extended Vehicle Service Contract administrators. The management team has over 100 years of experience in the auto warranty business. The claims department has been providing quality warranty service since 1981. More than a million contracts have been sold by MBPI to quality minded consumers. Each vehicle service contract is fully insured by an A Excellent A.M. Best rated insurance company. For more information, please visit www.mbpnetwork.com. www.mbpnetwork.com

Media Contact:
The StoneEagle Group
Jason Gillette
800.854.1567
jgillette@stoneeagle.com