On January 27, 2013, notice in the case of In re Payment Card Interchange Fee And Merchant Discount Antitrust Litigation (MDL 1720) was mailed to approximately 8 million payment-card-accepting merchants, officially informing them of the $7.25 billion settlement reached on their behalf with Visa, MasterCard, and America’s largest card-issuing banks. Merchants that are part of the class do not need to do anything at this time to participate in the class-action settlement. Merchants that do not wish to participate in the settlement, or who wish to submit a written opposition to the settlement, must notify the court of their wishes by May 28, 2013.
Merchants can learn more about the settlement by visiting the official settlement website, www.paymentcardsettlement.com.
Motion for Settlement Class Plaintiffs' Motion for Class Settlement Preliminary Approval (2.9 MB file - may take a moment to load)
Appendix to Motion for Settlement Class Plaintiffs' Motion for Class Settlement Preliminary Approval (2.2 MB file - may take a moment to load)
