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In the world of legal settlements, distributing funds to thousands (sometimes millions!) of claimants has historically been a cumbersome, paper-based process fraught with inefficiencies. That’s changed with Talli, and their modern payment platform that is transforming how litigation settlements are distributed, bringing unprecedented speed, security, trust and transparency to an industry long overdue for innovation.
The challenge & solution: modernizing settlement payments
Talli set out to solve a long-standing problem in litigation settlements: disbursing funds to claimants efficiently while maintaining compliance. In an industry where a single uncashed check costs administrators an average of $150 to track and reconcile, the paper-based status quo was no longer sustainable.
Talli's purpose-built platform addresses these challenges through a comprehensive approach:
- Complete fund segregation: Maintains proper Qualified Settlement Fund (QSF) ownership during distribution with dedicated FBO accounts, ensuring regulatory compliance
- Unified payment ecosystem: Serves both banked and unbanked claimants through one platform, eliminating the need for fragmented systems
- Real-time visibility: Transforms weeks of waiting into instant tracking for both administrators and claimants
- AI-powered fraud detection: Identifies suspicious patterns in real-time, protecting settlement integrity while reducing administrative burden
The Lithic advantage: modern card processing for modern settlements
To provide seamless digital payment experiences, Talli has partnered with Lithic, a next generation card issuing and processing platform. This strategic integration enables Talli to offer:
- Instant virtual cards: Generate transaction-ready virtual cards for claimants
- Digital wallet integration: Enables recipients to seamlessly add settlement funds to Apple Pay, Google Pay, and Samsung Pay
- Developer-friendly infrastructure: Fast implementation and flexible API integration with claims administration systems
- Scalable payment processing: Handles settlements of any size, from thousands to millions of claimants
- Enhanced security and compliance: Robust fraud prevention while maintaining regulatory compliance
The future of settlement administration
As settlement administration continues to evolve, Talli is leading the way.
With its recent $4 million seed funding led by Vestigo Ventures, Talli is accelerating its mission to transform the settlement administration landscape, bringing automation, security, and transparency to an industry ready for innovation.
Ready to modernize your settlement distribution? Connect with us today.