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PNC Bank Expands Treasury Management Capabilities with New Property and Casualty Insurance Payments Solution
PNC Bank has expanded its Treasury Management insurance payments offering to include property and casualty insurance payments. This new solution, built on the existing Claim Payments & Remittances (CPR) platform in collaboration with ECHO Health, Inc., aims to streamline complex, multi-party claims payments for insurers, providing greater speed, flexibility, and transparency. It enables insurers to deliver payments and remittance details to a broad network of recipients, including both businesses and individuals, through multiple electronic methods and tailored formats.