Digital Payments Streamline Class Action Settlements

80% of claimants say digital payouts would be more convenient than checks

Class action lawsuits are on the rise—but the settlement process hasn’t caught up with modern payout experiences, according to Onbe’s Winter 2024 Legal Services and Class Action Payments Survey. We discovered that claims administrators can simplify settlement payouts by:

·        Replacing checks with fast digital experiences

·        Providing popular options, including paying by app or virtual card

·        Communicating clearly at the time of payout

Dive into the findings from our survey to understand the settlement experience from the claimant’s perspective—and uncover ways to reduce the cost, risk and complexity of your payout processes.