Case Study: Matic Simplifies Insurance Quoting with Basis Theory

Matic integrates Basis Theory in 1 week to reduce PCI compliance burden

Matic Insurance, a technology-driven marketplace for home and auto insurance, needed to offer customers the ability to bind policies and pay by credit card directly online. This required PCI compliance, which they identified as a time-consuming and costly internal burden. To address this challenge, Matic chose to outsource their PCI compliance by integrating with the data vault and tokenization services from the vendor Basis Theory.

The integration with Basis Theory was completed in about one week. Basis Theory's solution allowed Matic to securely proxy payment data directly to insurance carriers, ensuring Matic never handles sensitive cardholder information. This significantly reduced Matic's compliance burden, enabling them to focus on enhancing the customer experience. The result was a seamless checkout process where customers can get instant quotes and bind policies online without agent interaction. Matic plans to use Basis Theory for future features, maintaining a secure and compliant platform.

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