One Inc: Partners Mastercard for real-time insurance payments
- One Inc provides insurance companies a digital payments platform designed to increase retention, decrease admin expenses
- Announced plans to disburse claims through Mastercard virtual cards and Mastercard Send
- ClaimsPay the partnership builds on a shared vision to deliver near-instant, secure payments
- The partnership is the latest initiative aimed at digitalizing the entire insurance payments stack with an alternative to checks
- It arrives at a time when virtual card adoption is expected to accelerate to over $5 trillion in transaction value by 2025
- This partnership with Mastercard empowers insurers to offer greater peace of mind to claimants in the face of unexpected accidents or disaster
