This partnership integrates JP Morgan Payments' treasury services with One Inc's PremiumPay® and ClaimsPay® solutions, providing carriers with access to comprehensive digital payment services for both inbound premiums and outbound claims.
The integration includes One Inc's PremiumPay solution, which handles premium payments, alongside the existing ClaimsPay platform for disbursements. By combining these services, P&C carriers can streamline payment processes using One Inc's Digital Wallet, which supports a variety of payment methods, such as credit/debit cards, Apple Pay, Google Pay, PayPal, Venmo, and ACH transactions. This unified approach simplifies premium collection and claims disbursement, offering a consistent experience for policyholders.
JP Morgan Payments, a global leader in payment processing, handles nearly USD 10 trillion daily and operates in over 160 countries. One Inc, specializing in digital payment solutions for the insurance industry, serves over 250 carriers and has been recognized as a top fintech company by CNBC. This collaboration is part of their shared goal to modernize insurance payment systems for both carriers and policyholders.