Allstate, a US-based property and casualty insurer, has partnered with MasterCard to create a new payment platform, QuickCard Pay, for instant claim disbursal.
MasterCard said that the QuickCard Pay is the latest and fastest payment method in the Allstate ExpressPay network that reaches virtually all US debit card accounts, including non-MasterCard debit cards.
The users will have to own a debit card and e-mail address to receive the payment instantly through the new platform.
MasterCard Send, a payments service, facilitates the delivery of funds quickly and securely. Businesses, merchants, governments, non-profits, issuers and other senders can send money to consumers and small businesses using a single connection to the MasterCard Send platform.
Allstate chief claims officer Glenn Shapiro said: “QuickCard Pay gives claimants an immediate and secure payment method and helps us deliver on our promise of a fast, fair and compassionate claims experience.”
MasterCard senior vice president for digital payments and labs Matt Barr said: “We built MasterCard Send so partners like Allstate can provide claimants with the quickest means of receiving their payment on a claim.
“By using QuickCard Pay, Allstate claimants will now have nearly instant access to these funds sent to almost any bank account through a US debit card.”