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How to Claim Your Piece of the $5.54 Billion Payment Card Settlement
June 30, 2022

Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, MDL 1720


Settlement Fund: $5.54 Billion 

Claim Filing Deadline: TBD; claim forms are not available at this time.

Class Period: January 1, 2004-January 25, 2019

 

Chicago Clearing Corporation's affiliate company, Mitena Partners, provides class action settlement recovery solutions beyond the world of financial litigations. Right now, the team at Mitena are ready to monetize claims in this settlement, are preparing to file claims on behalf of its clients once claim forms are available, and are always available to discuss the status of this litigation and the settlement process.

 

Please note: as we just mentioned, claim forms are not yet available and the courts have not yet set a claim filing deadline. Once claim forms are available, you will not need to use a third-party claim filer like Mitena Partners to file a claim. You may also contact the claims administrator or class counsel for no-cost assistance with your claim, or for any other information. Here is the link to the administrator's website.

 

But if you choose to outsource claim filing or decide to monetize your claim long before any distribution occurs, then we recommend choosing Mitena Partners. CCC’s 30 years of experience paired with Mitena's innovative approach powered by SaaS (Software as a Service) gives your company a quick, streamlined solution to the claims filing process.

 

Mitena focuses on the Payment Card Settlement so you don't have to. Their team provides your company with expertise to understand the history of this litigation, its complexities, and your options for accelerated recovery options.

 

CCC and its partner companies have helped millions of claimants recover funds in thousands of class actions. This makes Mitena Partners uniquely qualified to handle any volume of transactions and to navigate any tricky historical data issues that you may face. To learn more about this litigation, please visit the claims administrator's page linked below, or the Mitena Partners page for this litigation: Mitena Partners- Visa/MC Class Action

 

Our colleagues Kirk Swaney and Billy Stewart are also available to discuss this and the other recovery opportunities we are tracking.



Payment Card Settlement Disclaimer:
The Court has granted final approval of a settlement to resolve the class action. Claim forms are not yet available and class members need not sign up for a third-party service to recover settlement funds. Once a claim’s process is available, no-cost assistance will be available from the Class Administrator and Class Counsel. Additional information regarding the litigation is available on the Court-approved website at www.paymentcardsettlement.com.

Written By: Dennis O'Toole

I could go on and on, but bottom line, the fees being charged are much less than what I was spending in house to file and this is just one less thing I have to spend time trying to figure out how to complete on a consistent basis. Dealing with the CCC staff has been a very positive thing.

- National Bank

We were spending countless hours on class action claims before we signed on with CCC in January. Matt Murray and their technical team ensured our data transmission was seamless and secure. We found everyone at CCC to be professional, courteous, and accommodating.

- Savings Bank

Signing with CCC has made a huge difference. Before, it was horrible. We had to print thousands of pieces of paper, invite clients to come in and sit down with us to show them where to find the transactions, how to input them into the Proof of Claim forms. Now it's simple. It’s very nice to be able to tell our client, “You can shred that Proof of Claim form because CCC has it taken care of.

- Registered Investment Advisor

Your client reporting portal and customer service is the reason we chose Chicago Clearing. I send the data on an annual basis to CCC and they take it from there. My clients are protected (if there is a class action, it is getting filed), the Bank is protected (we are meeting our fiduciary obligation by filing the claims).

- Bank

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