Travelers Customers Can Now Receive Claim Payments via PayPal®
31 Juillet 2019 - 03:47PM
Business Wire
Digital payments platform makes it easy and
fast to receive claim payment
The Travelers Companies, Inc. (NYSE: TRV) today announced that
its Auto, Property and General Liability customers can now receive
claim payments through the digital payments platform PayPal, which
provides a flexible, fast and easy reimbursement experience.
Travelers’ link to PayPal comes through Global Digital
Disbursements, a service provided by Global Transaction Services at
Bank of America Merrill Lynch.
“The sooner our claimants are paid, the sooner they can recover
from a loss and get their lives back to normal — PayPal will help
make that happen as quickly as possible,” said Ellen Rizzo, Senior
Vice President of Claim at Travelers. “This is the natural
evolution of our claim payment processes, and it is one more way
we’re making the entire claim experience easier.”
PayPal is a digital payments platform that provides users with
access to financial services including a digital wallet to send or
receive money as well as make purchases anywhere PayPal is
accepted. By distributing claims through PayPal, funds are usually
delivered the same day that payment is issued by Travelers. The
company’s Workers Compensation claimants are expected to be
eligible to receive payments via PayPal in 2020.
For more information about Travelers Claim Services, including
its digital payment options, please visit
www.travelers.com/claims.
About Travelers The Travelers Companies, Inc. (NYSE: TRV)
is a leading provider of property casualty insurance for auto, home
and business. A component of the Dow Jones Industrial Average,
Travelers has approximately 30,000 employees and generated revenues
of approximately $30 billion in 2018. For more information, visit
www.travelers.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190731005589/en/
Sperry Mylott, 860.277.5075 smylott@travelers.com
The Travelers Companies (NYSE:TRV)
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