Source: FinTech Global
The collaboration combines One Inc’s expertise in insurance payments with U.S. Bank’s robust money movement and banking capabilities. The partnership aims to optimise claims and premium processing for insurance carriers and their customers. It leverages the seamless integration of One Inc’s ClaimsPay® and PremiumPay® solutions with U.S. Bank’s capabilities to create an efficient, streamlined payment experience.
One Inc provides a Digital Payments Network designed specifically for the insurance industry, offering solutions such as ClaimsPay® and PremiumPay®. Its platform supports multiple payment channels, including credit/debit cards, Apple Pay®, Google Pay™, PayPal™, Venmo, and ACH transactions, helping insurance carriers improve operational efficiency and policyholder satisfaction. The collaboration is set to accelerate the adoption of instant payments within the insurance industry.
Ian Drysdale, CEO of One Inc, said, “Both U.S. Bank and One Inc are dedicated to elevating the insurance payment experience, making it simpler and more efficient for insurers and their policyholders. Together, we’re eager to empower carriers with streamlined solutions that support their financial objectives and deliver a more connected payment journey. This emphasizes our strengths to modernize the insurance payment landscape while offering a unified platform for both incoming and outgoing payments.”
Mike Jorgensen, Head of Emerging Solutions and Strategy in Global Treasury Management at U.S. Bank, added, “We’re excited to partner with One Inc, a technology leader delivering innovative solutions for insurance carriers nationwide. By bringing the payment capabilities of One Inc and U.S. Bank, we can create even more value for our insurance clients and respond to the evolving needs of their policyholders.”
Read the full article: https://fintech.global/2024/11/25/one-inc-and-u-s-bank-partner-to-revolutionise-insurance-payments/
