NORTHBROOK, Ill., Oct. 21, 2016 /PRNewswire/ -- A debit card and
e-mail address is all that's needed now for Allstate to pay claims
in an instant. QuickCard Pay is the latest and fastest payment
method in the Allstate ExpressPay network. Working with Mastercard
to leverage its Mastercard Send platform, Allstate becomes the
first U.S. Property & Casualty company to use the
first-of-its-kind service.
"Allstate continues to innovate on behalf of our customers and
claimants," says Chief Claims Officer Glenn
Shapiro. "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."
Allstate QuickCard Pay is the only payments service of its kind
in the P&C industry that reaches virtually all U.S. debit card
accounts – including non-Mastercard debit cards. QuickCard Pay is
faster than any existing solution and provides real-time payment to
claimants anytime, anywhere in the United
States.
"It is very important to people to get the quickest access to
the funds you need when an emergency occurs—whether that be with
your home, your car or your business," said Matt Barr, senior vice president, Digital
Payments and Labs, Mastercard. "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 U.S. debit
card."
QuickCard Pay is now the fastest claims payment method in the
P&C industry, eclipsing Allstate's previous industry-leading
service, Fast Mobile e-Payment, which produced same-day payment
with just an email address or mobile phone number.
Mastercard Send is a payments service that facilitates the
delivery of funds quickly and securely. Through a single connection
to the Mastercard Send platform, businesses, merchants,
governments, non-profits, issuers and other senders can send money
to consumers and small businesses. By digitizing personal payments
that are typically handled via cash or check, Mastercard provides
greater convenience, choice and security to both payment senders
and receivers.
The Allstate Corporation (NYSE: ALL) is the nation's largest
publicly held personal lines insurer, protecting approximately 16
million households from life's uncertainties through auto, home,
life and other insurance offered through its Allstate, Esurance,
Encompass and Answer Financial brand names. Now celebrating its
85th anniversary as an insurer, Allstate is widely known through
the slogan "You're In Good Hands With Allstate®."
Allstate agencies are in virtually every local community in
America. In 2015, The Allstate Foundation, Allstate, its employees
and agency owners gave $36 million to
support local communities.
Logo - http://photos.prnewswire.com/prnh/20130404/MM88193-b
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/allstate-announces-new-instant-claims-payment-method-300349272.html
SOURCE Allstate Insurance Company