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Visa Lawsuit
Posted on June 28, 2018June 28, 2018 by admin

Visa Mastercard Near Settlement

Visa Lawsuit

 

A 2005 Class-Action lawsuit may be nearing a settlement according to The Wall Street Journal moments ago. The journal reports there may be a 6.5 Billion Dollar Merchant Settlement coming from not only Visa & Mastercard, but also issuing banks including JPM Chase, Citigroup, and BofA.

 

Card brands and the banks are getting closer to settling this long standing antitrust suit over merchant fees. Parties notified U.S. District Court for the Eastern District of New York that they near reaching a settlement on Tuesday.

 

Merchants that agree to the settlement will be restricted for a number of years from suing the card networks over the same card-swipe-fee claims the suit addressed, according to people familiar with the matter. Merchants who disagree with the terms of the settlement will be able to opt out and proceed with their own lawsuits against the networks, the people said.

 

Something to keep an eye on, moving forward.

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High Risk Merchant Account LLC

High Risk Merchant Account, LLC
High Risk Merchant Account, LLC
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Casey Scott
Casey Scott
17:03 30 Oct 18
Mark Sands helped me out tremendously. I would recommend him 100%. Saved my business!
Richard Williams
Richard Williams
14:30 28 Oct 18
I had an excellent experience with Mark at HRMA LLC; Mark's persistence and patience meant a lot to me; and happy to say, our company has a new merchant processing account and we're underway again! : )
Jay Larke
Jay Larke
13:48 29 Sep 18
We enjoyed working with Angela at HRMA-LLC! Our staff appreciated the personalized touch and tremendous help while working with them. We would recommend anyone with high risk merchant account needs reach out to Angela and the staff at HRMA-LLC.
Chris Fernandez
Chris Fernandez
23:33 02 Apr 18
Great overall experience with HRMA-LLC. Staff was extremely knowledgable through every step of the process. I would highly recommend them to anyone requiring merchant account services for their business. Thanks for all your help Tom!
James Collins
James Collins
09:47 11 Mar 15
High Risk Merchant Account LLC provides easy merchant account approval for high risk business.
Damon George
Damon George
20:34 27 Aug 14
I have contacted with them online and I have got quick response. Overall had a great experience.
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