Forget about checks: Class members want settlement payments sent to their PayPal account.
That is the findings of the inaugural “Digital Payments in Class Actions and Mass Torts” report, released Monday, which analyzed 267 class action and mass tort settlements from 2019 to 2022. The settlements were handled by 22 different administrators but distributed by Digital Disbursements, which is owned by Western Alliance Bank. The report found 170 settlements used some form of digital payments in 2022, compared to only two in 2019.
