Mass Torts Settlements Embrace Digital Payments, PayPal Preferred by Class Members
Charleston, South Carolina – In a dramatic shift, an increasing number of class members and plaintiffs involved in class action and mass tort settlements are opting for digital payments instead of traditional check payments. According to a recent report titled “Digital Payments in Class Actions and Mass Torts,” 170 settlements in 2022 utilized digital payment methods, compared to only two settlements in 2019. The report analyzed 267 settlements from 2019 to 2022, which were distributed by Digital Disbursements, a subsidiary of Western Alliance Bank. Jeff Richardson, the co-founder and CEO of Digital Disbursements, highlighted the … Read more