Payments News


State Farm® Gives Customers Option to Receive Claim Payouts into Their PayPal Account

“State Farm, the largest insurer of vehicles and homes in the US, announced today the expansion of its Digital Pay solution to include claim payouts delivered instantly into a customer’s PayPal account. Through Digital Pay, claims can be reviewed, approved, and paid digitally. Customers can choose their payout method, which can be sent to a debit card, directly to the customer’s bank account, or to digital wallets, such as PayPal. When a customer opts for a digital payout, they can receive funds into their personal account in a matter of seconds. Digital Pay is enabled by Carat from Fiserv.”