©2015-19 Class Action Recovery Service| 3960 Harlem Road, Suite #15| Amherst, NY | 14226 | Tel: 716.881.1500 Toll Free: 800.506.9641

Visa Check/MasterMoney Antitrust Litigation

(In re Visa Check/MasterMoney Antitrust Litigation, No. 04-3122 (L),

04-3163 (Con) (2nd Cir. 2005))

R E C O V E R Y S E R V I C E
C A S E D E S C R I P T I O N S

Visa and MasterCard allegedly obligated merchants to accept Visa

and MasterCard signature debit card transactions at purportedly

excessively high prices, and Visa and MasterCard allegedly conspired

to monopolize the debit card business in the U.S. Visa and

MasterCard’s debit products are also labeled Visa Check,

MasterMoney, and Debit MasterCard. A class action was brought

into Court and these allegations were settled for $3.05 Billion. In

addition to the monetary settlement, Visa and MasterCard agreed to

take action to untie debit cards from credit cards, including the

following: eliminating their “Honor All Cards” policies, which

required merchants that accepted their credit cards to also accept

their debit card transactions; lowering debit card fees for an interim

period by one-third; and re-labeling the Visa Check and

MasterMoney debit cards with the word "DEBIT" on the front. All

businesses and organizations in the U.S. that accepted Visa and

MasterCard debit and credit cards for payment at any time during

the period October 25, 1992 to June 21, 2003 were eligible to file

settlement claims. We assisted potential claimants in filing for

settlement.

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Claimants Served Include

FL: (239) 771-8771
NY: (716) 881-1515
Fort Myers, FL 33907
Amherst, NY 14226

Visa Check/MasterMoney

Antitrust Litigation

(In re Visa Check/MasterMoney Antitrust

Litigation, No. 04-3122 (L), 04-3163 (Con)

(2nd Cir. 2005))

Visa and MasterCard allegedly obligated

merchants to accept Visa and MasterCard

signature debit card transactions at

purportedly excessively high prices, and Visa

and MasterCard allegedly conspired to

monopolize the debit card business in the U.S.

Visa and MasterCard’s debit products are also

labeled Visa Check, MasterMoney, and Debit

MasterCard. A class action was brought into

Court and these allegations were settled for

$3.05 Billion. In addition to the monetary

settlement, Visa and MasterCard agreed to

take action to untie debit cards from credit

cards, including the following: eliminating their

“Honor All Cards” policies, which required

merchants that accepted their credit cards to

also accept their debit card transactions;

lowering debit card fees for an interim period

by one-third; and re-labeling the Visa Check

and MasterMoney debit cards with the word

"DEBIT" on the front. All businesses and

organizations in the U.S. that accepted Visa

and MasterCard debit and credit cards for

payment at any time during the period

October 25, 1992 to June 21, 2003 were eligible

to file settlement claims. We assisted potential

claimants in filing for settlement.

<< Back to Case List
©2015-19 Class Action Recovery Service 3960 Harlem Road, Suite #15| Amherst, NY | 14226 Tel: 716.881.1500 Toll Free: 800.506.9641
CASE DESCRIPTION
R E C O V E R Y S E R V I C E
Fort Myers, FL 33907
Amherst, NY 14226
R E C O V E R Y S E R V I C E
Fort Myers, FL 33907
Amherst, NY 14226