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State Farm (Bloomington, Ill.) has selected digital payout technology from Fiserv, Inc. (Brookfield, Wisc.), a global provider of payments and financial services technology solutions, to accelerate the claims payout process, according to a statement from the vendor.
State Farm is incrementally deploying the digital payout technology from Fiserv, which the vendor says will enable the company to offer customers speed and flexibility in how they receive auto and fire claim payments. With the launch of State Farm Digital Pay, powered by Fiserv technology, claims that have been reviewed and approved can be paid digitally. If a claimant opts for a