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One Inc Partners with U.S. Bank to Transform Insurance Payments

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Slice of Finance Team
25 Nov

Key Highlights:

  • One Inc and U.S. Bank unite to deliver a unified payment platform for Property & Casualty (P&C) and Life insurers.

  • Integration combines U.S. Bank’s money movement capabilities with One Inc’s ClaimsPay® and PremiumPay® solutions.

  • Supports digital payments via credit/debit cards, Apple Pay®, Google Pay™, PayPal™, Venmo, and ACH.

  • Future enhancements include instant payment solutions leveraging U.S. Bank’s RTP Network® and FedNow® Service.

  • Streamlined payment journeys aim to modernize the insurance industry for carriers and policyholders.

Source: Business Wire

Notable Quotes:

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“Together, we’re eager to empower carriers with streamlined solutions that support their financial objectives and deliver a more connected payment journey.”

Ian Drysdale, CEO at One Inc
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“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.”

Mike Jorgensen, Head of Emerging Solutions and Strategy at U.S. Bank

Our Take: