PALO ALTO, California, August 10, 2021 / PRNewswire-PRWeb / – Global blockchain development company HashCash Consultants announces an expansion of its native ACH operations to now include insurance companies. The Insurance variant of ACH-originally financial solutions is expected to be released in September 2021.
The function of a clearinghouse is to position itself between two clearing houses (also known as member or participant firms) with the aim of reducing the risk that a member organization will not meet its trade settlement obligations.
“HashCash ACH was originally designed as a financial clearinghouse service for banks and financial institutions,” noted Raj Chowdhury, CEO of HashCash Consultants.
“The new goals of the ACH attempt to cover the clearinghouse functions of the insurance industry.”
Automated Clearing House (ACH) functions involve the layering of advanced technologies and robust networking to prevent fraud and implement transparent payment processing between member firms. The HashCash product in the form of a flexible ACH payment API allows businesses to transfer or receive funds on the client side to facilitate ACH payment between users. Insurance companies can avail the ACH to receive payments from insurers. At the same time, claimants can also easily make their claims through this app.
The software incorporates features such as flexibility, customization, privacy, security and is offered at a significantly lower price than existing services.
“HashCash products are distinguished by their scalability and extensibility. This puts our solutions at the forefront in terms of customization, flexibility and ease of integration, ”added Chowdhury.
HashCash, as a promoter of blockchain-based innovation, aims to never settle for superior design; rather work on fine-tuning and incorporating updated modules to keep up with technological advancements.
HashCash is a global software company. HashCash Blockchain products allow businesses to move assets and settle cross-border payments in real time for remittances, trade finance, payment processing, and more. HashCash operates a US-based digital asset exchange, PayBito, and a digital asset payment processor, BillBitcoins. HashCash offers custom payment exchange and processing software solutions, ICO services, and custom use cases. HashCash is propelling technological advancements through Blockchain1o1 programs and its investment arm, Satoshi Angels. HashCash offers AI, Big Data and IoT solutions through its platforms, products and services. HashCash solves the toughest challenges by executing innovative digital transformation strategies for customers around the world.
COLEEN F, Hashcash Digest, +14159662907, [email protected]
SOURCE HashCash Consultants