Allstate Unveils Fastest Claims Payment in the Industry
"When you have a claim, you want to receive your payment quickly," says
Fast Mobile e-Payment eliminates delays that can occur with snail mail and lost checks by requiring only an e-mail address or mobile phone number in order to process a payment. The new solution – which can be faster than all existing payment methods, including Electronic Funds Transfer – is immediately available across the U.S. and works with any bank to handle all
Here's how the service works:
- A consumer confirms he/she is willing to be paid utilizing Fast Mobile e-Payment.
Allstate gathers email address or mobile phone number from the consumer and sends information toBank of America Merrill Lynch .- Consumer gets an email or text message with instructions on how to receive payment.
- A one-time registration process is performed by the consumer that will register their email address or mobile phone number in order to receive payment.
- Once registered, consumer automatically receives the payment into his/her account.
"We are proud to be one of the first banks to offer this electronic business-to-consumer payment solution," says
Fast Mobile e-Payment is the latest, customer-friendly advance in
"Consumers are more connected than ever, and they expect companies to offer the technology to do business simply, instantaneously and on-the-go," says
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