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Central Payment Co. (CPAY) Inflated Fee Settlement

Settlement Structure: Claims Made

Active: Open

Case Summary:

Central Payment Co., LLC, also known as CPAY, is settling a class action alleging, among other things, that it misrepresented the fees it charged merchants for card processing services. The complaint alleged it improperly added or inflated fees.

Docket Number:

8:17-cv-00310-JFB-CPZ

Company: Central Payment Co., LLC

Filing Deadline: August 6, 2022

Class Period: January 1, 2010 to October 31, 2020

Objection Deadline: June 7, 2022

Exclusion Deadline: June 7, 2022

Final Approval Hearing: July 25, 2022

Proof of Purchase:

You do not have to provide proof. Former Customers must file a claim form. Current Customers do not have to do so.

Eligibility:

You may be eligible if you are a current or former CPAY customer, and between January 1, 2010 and October 31, 2020, you were (1) assessed the TSSNF fee (TSYS Network Fee), (2) assessed the PCI Noncompliance Fee, (3) had your contractual credit card discounted rates increased about your contractual rate by CPAY, or (4) had credit card transactions shifted by CPAY form lower-cost rate tiers to higher-cost rate tiers.

Class members who kept one or more payment card processing accounts with CPAY as of March 9, 2022 are Current Customers; class members who are not Current Customers are Former Customers.

Typical Settlement Amount:

Pro rata share of the net settlement fund, based on CPAY data and each class member’s claims, as calculated by the Settlement Administrator. Current Customers will receive their payments automatically; Former Customers must submit a valid claim form.

Total Settlement Amount: Up to $84 million

Class Representative Proposed Incentive Fee:

Up to $15,000 each

Law Firms:
Wagstaff & Cartmell LLP
Webb Klase & Lemond LLC

Claim Form: Central Payment Co. (CPAY) Inflated Fee Settlement Claim Form

Case Name: Custom Hair Designs by Sandy, LLC, et al. v. Central Payment Co., LLC

Settlement Website: Central Payment Co. (CPAY) Inflated Fee Settlement Website

Claims Administrator:
Epiq Class Action & Claims Solutions, Inc.

Claims Administrator Contact Information:

Central Payment Settlement Administrator
P.O. Box 5747
Portland, OR 97228-5747
855-654-0931

Tags: Adding Increasing Fees Not Contracted For, Excessive Fees