With just an email address or mobile phone number, consumers can now get an Allstate claim payment made directly to their bank account in a single day with Fast Mobile e-Payments, now available in the new Allstate ExpressPays portfolio.
Working with Bank of America Merrill Lynch, Allstate became the first U.S. company to use the new digital disbursement method.
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 Allstate auto and property insurance claims that have a single payee.
Here’s how the service works:
Source: Allstate