ICON® SEND
Send money quickly, securely and simply
How Mastercard Send makes a difference in insurance

Pay consumers faster and easier with Mastercard Send
Powered by Mastercard, this full-service disbursements and person-to-person (P2P) platform allows you to create a truly differentiated payment experience.

Speed

Reach

Security

Control
Mastercard Send in action
- P2P TRANSFERS
- GIG ECONOMY
- MERCHANT SETTLEMENT
- INSURANCE CLAIMS
- HUMANITARIAN AID

Real-time P2P and account-to-account transfers
Generally, within seconds, Mastercard Send facilitates the transfer of cash balances and P2P payments to the consumer’s bank account via their debit card, making outdated registration and validation methods obsolete and improving the user experience.

Payouts to gig economy workers
Drivers for a popular ride-sharing app had to wait several days before payments arrived in their bank account – creating significant cash flow issues. In today’s highly competitve “gig” industries, freelancers and independent contractors will go with operators who can give them near real-time access to payroll.
By leveraging Mastercard Send, the ride-share service implemented instant payouts. Billions of dollars were paid out, in near real-time, to hundreds of thousands of enrolled drivers, with the average driver using the service 7 times per month.

Small businesses are the lifeblood of economies around the world. These businesses depend on quick and easy access to working capital to run and grow.
Leveraging Mastercard Send, acquirers and processors can offer small businesses instant access to their proceeds, which can improve customer satisfaction and retention and provide additional revenue opportunities for acquirers and processors.
Near real-time settlement significantly improves liquidity and cash flow for merchants and small businesses. By making funds instantly available to spend, financial institutions’ core business performance is strengthened.

Distribution of insurance claims
Through Mastercard Send, policyholders receive needed payment for approved claims directly into their bank accounts (via their debit cards), in near real-time, no matter where they are.

Distribution of humanitarian aid
A simple four-step process
- STEP 1
- STEP 2
- STEP 3
- STEP 4

Transaction originator

Originating financial institution

Send network

Recipient’s financial institution
NEW
Mastercard Send Partner Program

Industry trends, insights and resources
- FEATURED WHITEPAPERS
- VIDEOS

Fueling the global gig economy

The Small Business Guide to Rapid Settlement

The Small Business Guide to Rapid Settlement Playbook

Pay Advances: The Gig Economy’s New Normal

Pay Advances Playbook: Breaking the Paycheck-to-Paycheck Cycle

Transforming property and casualty insurance claims

P2P payments

Insurance disbursements

Rapid merchant settlement
