One Inc, a leader in insurance payments, has joined forces with U.S. Bank to offer a unified and seamless payment experience for Property & Casualty (P&C) and Life insurers. This collaboration integrates U.S. Bank’s advanced money movement and banking solutions with One Inc’s premier ClaimsPay and PremiumPay platforms, enhancing claims and premium processing for insurers and policyholders.
With U.S. Bank’s expertise in payments and insurance, alongside One Inc’s Digital Wallet capabilities, carriers can now streamline payment processes across multiple channels, including credit/debit cards, Apple Pay, Google Pay, PayPal, Venmo, and ACH.
The partnership also lays the groundwork for accelerating instant payments in insurance. By combining U.S. Bank’s experience with the RTP Network and FedNow Service with One Inc’s Digital Payments Network, insurers will be empowered to deliver faster, more efficient outbound claims disbursements.
“Together with U.S. Bank, we’re transforming the insurance payment journey by making it simpler, faster, and more connected,” said Ian Drysdale, CEO of One Inc. “This partnership showcases our shared commitment to modernizing the payment experience while helping carriers meet their financial objectives.”
Mike Jorgensen, Head of Emerging Solutions and Strategy at U.S. Bank, added, “Our collaboration with One Inc brings together leading-edge technology to create even more value for insurance carriers and their policyholders, responding to the rapidly changing needs of the industry.”
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