MCE first broker to go live

MCE has been the first broker to go live with Misys and Finsure's electronic premium finance system. In a week's trading during a pilot, MCE sent £160,000 worth of premiums through the system, and now plans to transfer all its monthly instalments onto it. The system electronically sends customer transaction and bank details to Finsure and payments are returned via an EDI message, which automatically updates the Misys system. Meanwhile broker Footman James has expanded its Misys system to cat