Sample Litigation

Arrange by:

 Payment Card Interchange Fee and Merchant Discount Antitrust Litigation

$5,540,000,000

Settlement Amount

January 1, 2004 to January 25, 2019

Eligible timeframe

Primary Category:   Retail
Feb 4, 2025

Claim filing deadline

71 Days to go

Claim filing status

Claims Administration

Claims Administrator
+1 (800) 625-6440
info@PaymentCardSettlement.com  

Payment Card Interchange Fee Settlement
P.O. Box 2530
Portland OR 97208

Case Information

  • In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, MDL 1720 (MKB) (JO)
  • Case 1:05-md-01720-MKB-JO

Description

A lawsuit alleges that Visa and Mastercard, individually and alongside their respective member banks, violated the antitrust laws by charging merchants excessive fees to accept Visa and Mastercard.

Class definition(s)

All persons, businesses, and other entities that have 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.

The Settlement Class shall not include (a) the Dismissed Plaintiffs, (b) the United States government, (c) the named Defendants in this Action or their directors, officers, or members of their families, or (d) financial institutions that have issued Visa-Branded Cards or Mastercard-Branded Cards or acquired Visa-Branded Card transactions or Mastercard- Branded Card transactions at any time from January 1, 2004 to January 25, 2019. The Dismissed Plaintiffs are plaintiffs that previously settled and dismissed their own lawsuit against a Defendant, and entities related to those plaintiffs. If you are uncertain about whether you may be a Dismissed Plaintiff or how to file a claim, you should call 1-800-625-6440 or visit https://www.paymentcardsettlement.com/en.

DISCLAIMER: For additional settlement information, potential claimants may contact Class Counsel or the Claims Administrator. Class members are not required to sign up with any third-party service in order to participate in the monetary relief, buy may instead file their claim directly with the Class Administrator. The claim form will inform most class members of their actual or estimated interchange fees on which it is proposed their claims will be paid. You may accept or dispute this estimate with the opportunity to submit additional information. No-cost assistance will be available from the Class Administrator and Class Counsel during the claims-filing period. For additional information, class members may visit www.paymentcardsettlement.com, the court approved website for this case.
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