NEW YORK, May 01, 2017 (GLOBE NEWSWIRE) -- Class Action Money & Ethics 2017 Conference -- Sipree, Inc., a financial technology company built for the enterprise, today announced the application of its enterprise fintech platform into the complex litigation world of mass tort, securities, antitrust, and class action settlements.
Sipree’s FinTech platform is ideal for high volume “irregular” payouts where speed, deliverability, security, and transparency are vital – like claims, commissions, refunds, good-will payments, and, now legal settlements. Sipree’s platform enables integrated digital notice and payments, as well as highly targeted acquisition to drive larger class participation and faster settlement, with full court compliance and accountability to the class.
Aiming to fully digitize all settlement payouts, Sipree enables law firms to easily take advantage of modern payment networks – like PayPal, Amazon Balance, Google Wallet, Venmo, Visa/Mastercard debit push, and more – reaching virtually all US consumers and small business recipients.
“This is just the beginning. We’ve leveraged what our Global 2000 and Public Sector customers rely on to deliver historic results, settling payments with class members their way,” said Mark Sole, CEO at Sipree. “The power of our SaaS platform in litigation is in its any-scale operation, precision engineering in micro targeting, along with all the vital table stakes in security, identity validation and fraud mitigation that our enterprise customers demand. The results of multiple cases we’ve run speak for themselves; higher claim conversion, greater class member coverage and a frictionless settlement process.”
Sipree’s patented and patent-pending services architecture offers key advantages for large, global enterprises like airlines, insurance companies, consumer product goods, legal firms, and government agencies, such as:
- Ubiquity of digital payment options: Gives recipients choice, speed, and delight
- Central controls: Customized workflows for extra security, compliance, and fraud mitigation
- Easy implementation: Flexible SaaS delivery model integrates with any backend systems
- Scalability: Built and tested to handle millions of payments across multiple departments, use cases, and geographies for massive scale
“Sipree’s technology is going to revolutionize how payments are made in class cases,” said Jeff Friedman, Partner at Hagens Berman Sobol Shapiro LLP. “It’s long overdue that technology is leveraged to digitize and expedite the process holistically. We’ve looked for a solution like Sipree’s to deliver cash payments to our class members, with Rule 23 adherence, no cy pres and a predictable and repeatable process to get payments to more class members, faster, and more efficiently. We want this to become the standard in the industry.”
Download free case overview:
To download a free case summary of the Fresh Milk Products Antitrust Litigation settlement, visit www.sipree.com/boughtmilkcase. To learn more about Sipree’s solutions for innovating legal settlements, visit www.sipree.com/legal-services.
About Hagens Berman
Hagens Berman Sobol Shapiro LLP is a law firm with offices in 10 cities and has been named to the National Law Journal’s Plaintiffs’ Hot List eight times. More about the law firm and its successes can be found at www.hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
About Sipree
Sipree is a financial technology company built for the enterprise, focused first on payments innovation. The Sipree platform empowers global enterprises with real-time payments — lowering operating costs, reducing fraud, and delighting recipients with a choice of popular payment networks. Sipree’s SaaS delivery models enable quick deployment with minimal IT resources while leveraging existing systems for full visibility and control. Sipree is based in San Francisco with a Federal office in Washington, D.C. Visit us at www.sipree.com and follow us on Twitter and LinkedIn.