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MasterCard Send powering payments for some Wells Fargo commercial customers

MasterCard and Wells Fargo have announced that they're working together to speed up payments for Wells Fargo Treasury Management and Wells Fargo Merchant Services customers through MasterCard Send.

”Moving money is one of a treasurer's primary responsibilities, and it's our job as their bank to help them fulfill that responsibility, quickly and safely," said Keith Theisen, executive vice president and head of product management for the Wells Fargo Treasury Management Group. "We're excited to present our customers with MasterCard Send, a product that was designed with and for our customers."

Through an API connection to the MasterCard Send platform, businesses, merchants, governments, nonprofits, financial institutions and other senders can send money to consumers and small businesses.

Allstate Corp. QuickCard Pay is among the first customers to leverage MasterCard Send through Wells Fargo, using the service for disbursements.

"Allstate continues to innovate on behalf of our customers and claimants," said Allstate Chief Claims Officer Glenn Shapiro. "QuickCard Pay gives claimants an immediate and secure payment method and helps us deliver on our promise of a fast, fair  and compassionate claims experience."