Payment Card Interchange Fee Settlement - Claim Management
Non-returnable
$0.00
Settlement Amount:$5.54-$6.24 Billion
If you or your business accepted any Visa-Branded Cards and/or Mastercard Branded Cards in the United States at any time from January 1, 2004 to January 25, 2019, you may be entitled to participate in a $5.54-$6.24 Billion class action settlement.
“Defendants”: Network Defendants: “Visa”: Visa U.S.A. Inc., Visa International Service Association, and Visa Inc.; and “Mastercard”: Mastercard
International Incorporated and Mastercard Incorporated; and Bank Defendants: Bank of America, N.A.; BA Merchant Services LLC (formerly
known as National Processing, Inc.); Bank of America Corporation; Barclays Bank plc; Barclays Delaware Holdings, LLC (formerly known as
Juniper Financial Corporation); Barclays Bank Delaware (formerly known as Juniper Bank); Barclays Financial Corp.; Capital One Bank (USA),
N.A.; Capital One F.S.B.; Capital One Financial Corporation; Chase Bank USA, N.A. (and as successor to Chase Manhattan Bank USA, N.A. and
Bank One, Delaware, N.A.); Paymentech, LLC (and as successor to Chase Paymentech Solutions, LLC); JPMorgan Chase & Co. (and as successor to
Bank One Corporation); JPMorgan Chase Bank, N.A. (and as successor to Washington Mutual Bank); Citibank, N.A.; Citigroup Inc.; Citicorp; Fifth
Third Bancorp; First National Bank of Omaha; HSBC Finance Corporation; HSBC Bank USA, N.A.; HSBC North America Holdings Inc.; HSBC
Holdings plc; HSBC Bank plc; The PNC Financial Services Group, Inc. (and as acquirer of National City Corporation); National City Corporation;
National City Bank of Kentucky; SunTrust Banks, Inc.; SunTrust Bank; Texas Independent Bancshares, Inc.; and Wells Fargo & Company (and as
successor to Wachovia Corporation).
Claim Period: January 1, 2004 - January 25, 2019
Case History: The United States District Court for the Eastern District of New York has preliminary approved a proposed settlement of a maximum
of approximately $6.24 billion and a minimum of at least $5.54 billion in a class action lawsuit, called In re Payment Card Interchange Fee and
Merchant Discount Antitrust Litigation, MDL 1720 (MKB) (JO). The lawsuit is about claims that merchants paid excessive fees to accept Visa and
Mastercard cards because Visa and Mastercard, individually, and together with their respective member banks, violated the antitrust laws.
Claim Filing Deadline:May 31, 2024
Tags:
Product Details
When you retain FPS to manage and file your settlement refund claim, FPS will:
●Prepare, assemble and submit your claim package, and manage it throughout the claims processing phase, including working with you to
address any concerns or questions the claims administrator may have.
●Perform research to ensure that all of your eligible business units (e.g., subsidiaries, divisions, acquisitions and divestitures) are included in
the claim process.
●Provide advice on what, if any, documents need to be collected and maintained, and, when requested, we will assist in that effort.
●Reduce the support needed from your in-house staff, when required documents are not available or are too burdensome to collect, and we
will negotiate on your behalf to develop alternate means to satisfy the documentation requirements.
●Provide regular updates on the recovery process and all related developments.
●Audit your payment to ensure that it has not been under calculated.
●Follow up with you to ensure that your recovery check is deposited.
●Notify you when we learn of additional valuable settlements in which you may be eligible to participate.
How to Retain FPS: To retain FPS to manage and file a refund claim on your behalf, we must receive a signed copy of our Service Agreement
Authorization. Before you email or fax the executed Service Agreement Authorization it is important that you understand its terms and make sure
that your basic information at the top of the page is correct.
Disclaimer: This is not an official Court Notice. Information contained in this Summary is subject to change. For additional settlement information, please contact Class Counsel or the Claims Administrator, or visit the court-approved website at https://paymentcardsettlement.com - Please understand that you have the right to file a claim on your own without any cost to you. Client has been informed of their right to file a claim on their own behalf without need of a third-party service, and no-cost assistance is available from the Claims Administrator and Class Counsel during the claims-filing period. (At this time claim forms are not yet available.)
