2023 Report: Digital Payments in Class
Actions and Mass Torts

This report, likely the largest study to date on the distribution of settlement payments in the legal industry, outlines essential findings and statistics relating to the fast-moving trends toward digital payments that can shape the future of class actions and mass torts.

According to new research from Western Alliance Bank and Digital Disbursements, getting money into the hands of payees in class action and mass tort settlements is far more effective and efficient when those payments are completed through digital methods rather than traditional paper checks.

Among the key findings of the inaugural Digital Payments in Class Actions and Mass Torts report: When claimants are offered a broad pay menu, the success rate for digital payments is 98%. That compares to a weighted average check cash rate of only 77% in cases with a claims process and only 55% in cases without a claims process, according to a 2019 study by the Federal Trade Commission. 

This report also found that digital payments are becoming increasingly commonplace and that payees increasingly prefer digital payments.

Download this report to learn more about:

• The most popular digital payment methods
• Which courts and law firms are embracing digital payments
• A look into some of the reasons digital payments are proving so popular

Offered Free by: Western Alliance Bank, Member FDIC.