Press Release

FOR IMMEDIATE RELEASE

JARUS ANNOUNCES SUPPORT FOR APPLE PAY AND PAYPAL

JARUS MOBILE APPS MAKES IT EASY FOR THE POLICYHOLDERS TO SUBMIT PAYMENTS USING APPLY PAY

IASA Conference, Las Vegas, June 8, 2015

Jarus is pleased to announce the latest release of its mobile solution with built-in support for Apple Pay™ and PayPal©. Policyholders can now make policy payments with the touch of a finger instead of manually entering their credit/debit card information repeatedly on their mobile device in a cumbersome way.

With Apple Pay, when a user registers a credit or debit card, the actual card numbers are neither stored on the device nor on Apple servers. Instead, a unique device account number is assigned, encrypted and securely stored on the user’s iPhone. Subsequently, each transaction is authorized with a one-time unique number.

“At Jarus we are committed to security, and we are excited to support secure payment technologies from Apple and PayPal”, said Sundar Vallinayagam, CEO of Jarus technologies. “In addition to increasing the overall user experience for policyholders, these convenient features help to minimize late payments for insurers”.

Apple Pay supports credit and debit cards from the three major payment networks, American Express®, MasterCard® and Visa®, issued by the top US banks.
With this release, support for PayPal® payment processing is also added as a part of Jarus’ standard offering.

About Jarus Technologies

Jarus Technologies is a leader in new business and policy administration solutions for P&C insurance. Since its inception, Jarus has brought to market innovative products in the areas of Policy Administration, Mobile applications for Insurance, Self-service portals and several application frameworks. In addition, Jarus has implemented a number of award winning custom solutions for its customers. Jarus is headquartered in Pittsburgh, Pennsylvania.

For additional information, please contact:

Brandon Yusko
Jarus Technologies
681 Andersen Drive
Pittsburgh, PA 15220
byusko@jarustech.com
412.922.5432 x378

Apple Pay®, American Express®, MasterCard®, Visa®, and PayPal® are registered trademarks and property of respective companies.