PAYMENT CARD INTERCHANGE FEE
AND MERCHANT DISCOUNT
ANTITRUST CLASS ACTION SETTLEMENT
(PCIF)
DID YOUR BUSINESS ACCEPT ANY
VISA-OR MASTERCARD-BRANDED CARDS IN THE UNITED STATES
AT ANY TIME BETWEEN JANUARY 1, 2004 AND JANUARY 25, 2019 ?
YOU MAY BE ELIGIBLE TO RECOVER MONEY!
Relevant Case History
In 2005, merchants filed several class action lawsuits alleging that, because Visa, Mastercard and certain U.S. financial institutions fixed fees for processing credit and debit card payments and prohibited merchants from steering their customers toward the use of lower-cost payment instruments, merchants paid higher interchange fees. A settlement reached in 2012 was vacated. At the time that it was reached, the Superseding Settlement provided a settlement fund of as much as $6.24 billion but not less than approximately $5.54 billion depending on several factors. By Order entered December 13, 2019, as further explained in its December 16, 2019 Memorandum & Order, the district court granted final approval to the Superseding Settlement, the settlement fund for which is estimated to be approximately $5.54 billion after reductions for the full $700 million permitted due to exclusions, subject to further reduction for Court-approved attorneys’ fees in the amount of $523.3 million and expenses in the amount of $39.2 million, Court-approved incentive awards to class representatives in amounts to be determined, and the costs of noticing class members and administering the Superseding Settlement. All appeals of the district court’s final approval of the Superseding Settlement have been resolved; that approval is now final. In September 2023, the district court approved the form of the proof of claim and the proposed claims-filing period, which commenced on December 1, 2023 and will run through May 2024. After the claims process is completed, the Net Settlement Fund will be distributed to approved claimants.
How do I know I need help to claim my PCIF recovery?
~Have you received your PCIF class action mailing in December 2023 and enrolled to get your recovery from the Visa/Mastercard settlement yet?
~What is it?
~It is a class action settlement for acceptance of Visa and Mastercard at any time between January 1, 2004, and January 25, 2019.
~We can help you maximize your rightful PCIF recovery from the $5.54 billion settlement fund with no time spent by you or your team.
~We take care of the entire process from start to finish and work only on a contingency fee of the recovery when the recovery occurs.
~Our team can directly handle your claim and most likely recover more than the proposed amount being held for your business, because MasterCard has refused to provide any information to the Class Administration.
~We have 14 financial forensic accountants using specially designed algorithms to adjust your PCIF claim to more accurately calculate an additional Mastercard settlement.
This Class Action recovery claim ends on May 31, 2024 - Quick action is required! Contact us now!
~For additional information, visit the Court-approved website, www.PaymentCardSettlement.com, or contact Class Counsel or the Class Administrator. Claim forms are being delivered and were available online beginning December 1, 2023. Class members need not sign up for a third-party service in order to participate in any monetary relief. No-cost assistance is available from the Class Administrator and Class Counsel during the claims-filing period. FRS believes that we provide services that could increase your potential recovery and that are unlikely to be provided by the Class Administrator or Class Counsel. Please understand that you have the right to file on your own.
If your company, or if you know a company that can use this service, contact
Wayne Stephany at 610-909-8613 or wayne@qcdtechnology.com