First Horizon Settlement Services delivers transparency, compliance and innovation to the administration of Qualified Settlement Funds (QSFs). We partner with Claims Administrators, Law Firms, Special Masters and Courts to ensure settlement funds are managed securely, efficiently and with full accountability.
Why Choose First Horizon?
First Horizon combines the scale of a national institution with the specialization of a dedicated settlement banking team. Our approach ensures neutrality, protects claimants, and streamlines administration.
Our Value Pillars
Transparency & Trust
- Custodial, non-fiduciary model aligned with QSF best practices
- Audit-ready reporting trusted by courts
Compliance & Control
- Digital Escrow: Master account + claimant-level subaccounting
- Real-time reporting and transaction visibility
- Payee Verification: Enhanced ID verification, including biometrics, to help protect against fraud
Innovation & Choice
- ClearPath Fast Payments: Disbursements with industry’s most complete payee choice menu
- Check, E-Check, ACH, Real-Time Payments (RTP), FedNow
- Instant Issue Debit Card, Virtual Card
- Venmo, PayPal, and more
- Faster claimant payments, fewer complaints, smoother administration
How It Works
Step 1: Court Approval
Step 2: QSF Deposit
Step 3: Digital SubAccounting Portal
Step 4: ClearPath Disbursements Portal
Step 5: Secure Claimant Verification
Step 6: Claimant Paid
This workflow helps ensure claimants receive payments quickly and conveniently.
Our Competitive Advantage
- $83.2B in bank assets with 160+ years of stability
- Dedicated Settlement Services team
- Court-trusted, administrator-preferred, claimant-friendly
