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Class action payments

Automate time consuming verification and payment processing

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Making group action and multi-claimant compensation payments is a complex and costly process. But it doesn't have to be. Shieldpay reduces the risks, administration and costs involved in holding client money and automates the management of paying compensation awards to large numbers of claimants.

Law firms such as PGMBM and Keller Lenkner use Shieldpay’s platform so they can focus on what they do best.

 

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How it works

Payments don't have to be complicated

 

1
Quick and simple set up

Inform Shieldpay of the value of the claim, the number of eligible claimants and timelines for payments and fund your Third Party Managed Account (TPMA).

2
Verify claimants Upload claimant details to the platform so we can carry out customer due diligence (CDD) checks to verify the claimant’s identity and protect against fraud.
3
Pay compensation awards

Once the claimant is verified, and you authorise the payment, the funds flow out of the Shieldpay TPMA to the claimant’s verified bank account. 

 

Get in touch

Speak with the Shieldpay team for guidance on completing your next class action payments

Get in touch

An integrated payments platform

icon-charcoal-verify Verify claimants Conduct verification checks on all claimants to prevent illegal activity.
icon-charcoal-vault Mitigate risk Digital bank transfers and due diligence checks ensure claimants receive their compensation.​
icon-charcoal-heart-customer Enhance client service Build trust by delivering compensation awards quickly with high levels of security.
icon-charcoal-contract Reduce workload Minimise the administrative burden and internal resource required to manage payments.

Ready to get started?

Speak with a Shieldpay expert
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