Allianz Global Assistance is now using Mastercard Send to pay customers via debit cards nearly instantly after a claim has been finalized.

The insurer said payments can be sent "within minutes" of the finalization of a customer's claim.

Mastercard Send is a Mastercard service that enables businesses to send money to consumers quickly and securely. Allianz customers enter their debit card information as their preferred payment method when filing a claim to utilize the service.

"Mastercard Send's technology allows travelers to receive their funds anywhere in the world and use that money to pay for travel expenses, purchase essentials while their luggage is delayed or even make a deposit for their next trip," said Joe Mason, chief marketing officer of Allianz Global Assistance USA.

Earlier this year, Allianz announced its ability to make payments directly to their clients' bank accounts, which the insurer said typically arrive in about two days. Around one-third of Allianz customers are choosing the direct deposit payment option when they file an online claim.

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