Western Alliance Bank has completed its acquisition of Digital Settlement Technologies, dba Digital Disbursements and digital payments platform for the class action legal industry.

Digital Disbursements enables seamless integration of customizable pay menu into settlement claim forms and payment selection websites. The firm was designed to fill the void within digital payments for class actions. Its proprietary platform enables claimants to choose how to receive payments.

“The acquisition of Digital Disbursements is the latest investment by Western Alliance that furthers our commitment to providing differentiated technology solutions that address the evolving needs of our clients,” said Kenneth Vecchione, president and CEO of Western Alliance Bank. “We look forward to partnering with the Digital Disbursements team, with whom we have built a close working relationship. This acquisition will allow us to explore new capabilities and continue to deepen our expanding suite of legal banking services while serving adjacent sectors that will benefit from digital payments technology.”

“We couldn’t be more thrilled that Digital Disbursements is becoming part of the Western Alliance family,” said Francesca Castagnola, senior managing director of Western Alliance’s Settlement Services team. “Combining Digital Disbursements’ leading-edge payments platform and technology with our expanding suite of Settlement Services and juris banking offerings positions Western Alliance for significant growth in the class action and mass torts arena.”