Visa/MasterCard Interchange Settlement

The lawsuit, In re Payment Card Interchange Fee Antitrust Litigation, alleges that Visa® and MasterCard® fixed interchange fees at anti-competitive levels in violation of US antitrust law.

On December 13, 2013, the U.S. District Court for the Eastern District of New York approved a settlement that includes a cash fund in the amount of $6.05 billion, reduced by 25% for those merchants that opted-out of the settlement.

The Second Circuit Court of Appeals reversed approval of the settlement and returned the case to the District Court on June 30, 2016. Litigation is ongoing. No claim forms are available at this time, and no claim-filing deadline exists. If another settlement is reached, no-cost assistance will be available from the Class Administrator and Class Counsel during any claims-filing period. No one is required to sign up with any third-party service in order to participate in any settlement. For additional information regarding the status of the litigation, interested persons may visit www.paymentcardsettlement.com, the Court-approved website for this case.