Settlement Structure: Claims Made
Closed Settlement Statement:
According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.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:
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, 2022Proof 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 millionClass Representative Proposed Incentive Fee:
Up to $15,000 each
Wagstaff & Cartmell LLP
Webb Klase & Lemond LLC
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
Epiq Class Action & Claims Solutions, Inc.
Central Payment Settlement Administrator
P.O. Box 5747
Portland, OR 97228-5747