(561) 515-6050
2022 ALERT
Immediate Monetization of Visa/Mastercard
Assets Available to Entities Accepting Credit
or Debit Cards
In re: Payment Card Interchange Fee and Merchant Discount Antitrust Litigation,
Case No. 05-md-01720, U.S. District Court of the Eastern District of New York.
What is the Visa/MasterCard SETTLEMENT?
In the Visa/MasterCard antitrust class-action lawsuit, a group of merchants alleged that banks and
credit card companies unlawfully entered into agreements to raise fees that merchants pay when
customers make transactions using a credit or debit card. The merchants alleged that Visa,
MasterCard, and many of the country’s largest banks conspired to raise fees. On September 18,
2018 Visa Inc., MasterCard Inc., and banks including Bank of America, Barclays, JPMorgan
Chase, Citibank, and SunTrust agreed to end this long-running, multi-district, price-fixing case and
to pay as much as $6.2 billion, the largest-ever class-action settlement of an antitrust case.
Why is the Visa/MasterCard Settlement Important NOW?
The settlement agreement has been approved by the U.S. District Court. Visa/MasterCard
merchants are eligible for the settlement fund and, depending upon the volume of credit and debit
card transactions from January 1, 2004 through January 25, 2019, an individual company’s
settlement could be substantial. Eligible companies will need to take action in order to receive their
recoveries. Recoveries will not be available if no action is taken. Options for eligible companies in
the Visa/MasterCard Interchange Fee Settlement include:
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Monetizing Legal Claim
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Class Action Settlement Fund
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Litigation
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Do Nothing
If You Do Nothing, You Will Get Nothing.
?
Why file a claim form and wait with the class
when there are alternatives?
Why CSG?
We’ve teamed up with two boutique law firms, Bona Law and Cahen Law, which offer unique perspectives on antitrust matters to help our clients optimize this opportunity. Our goal is to deliver the most comprehensive VISA/MasterCard settlement approach in the market; one that will deliver superior results to our clients. Our team is not conflicted with VISA, MasterCard, or the banks and understands and has in-depth experience in the intricacies of antitrust laws, class action matters, financial analysis, and information technology required for our clients to be well represented. For clients seeking immediate monetization of their claim CSG sources competitive bids from its network of global investment banks and finance specialists. Our team includes:
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Leading Antitrust and Commercial Litigators
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Global Independent Investment Banks and Finance Specialists
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Experienced Financial Analysts and Auditors
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IT Specialists Utilizing the Latest Methods in Data Analysis
Why Our Approach?
CSG understands it is not enough to simply assist our clients with the financial aggregation of historic Interchange Fee data, file claim forms, and then sit on the sidelines waiting years for the Interchange Fee Fund to be approved. We have assembled a team of legal, financial, and IT experts, working collaboratively towards obtaining the most successful outcomes for our clients that may include:
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Data Analytics Yield
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Potential Premiums Over Settlement Fund
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Expedited Recovery Timeline
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Monetization of Claims
HOW IT WORKS
Most executives know that their companies are incurring unnecessary costs, but they often have limited time, resources, or specific expertise to investigate and implement solutions. Companies must balance any investment in recoveries or cost reduction initiatives against other activities that drive top line revenue or bottom line results. CSG provides the resources and momentum to identify and implement these initiatives. Our approach leads to non-disruptive recoveries and cost reductions.
MINIMAL EFFORT
CSG’s services utilize company data that already exists, requiring minimal time and effort from your team.
OFFSITE
Recoveries are identified and negotiated offsite, virtually eliminating disruption.
MONETIZATION
CSG sources competitive bids from its network of global investment banks and finance specialists.
REDUCE RISK
The class-action settlement fund bears
the risk of participation and credit and
debit card transaction volumes.
RESULTS
Recoveries go directly to your company’s bottom line or to fund initiatives critical to your company’s goals.
PRICING
All-inclusive, results-based, contingency pricing with no upfront costs or out-of-pocket expenses.
OUR TEAM
Michael Amideo
Managing Director
Michael applies his experience and extensive expertise in management, accounting, and finance to national and multi-national clients. Michael has served in the positions of Chief Executive Officer, Chief Financial Officer, and Director of Finance. He has been responsible for all operational, financial, and legal aspects of an organization including the company’s acquisitions, divestitures, and Securities and Exchange Commission financial reporting.
Desiree van der Walde
Managing Director
Desiree is an accomplished professional with a broad range of experience in corporate management, multi-state taxation, and accounting. She is committed to delivering strategies and services that are designed to improve enterprise value and performance. Desiree conducts comprehensive examinations of company operations, resulting in identification of multi-state tax, cost reduction, and technology-based solutions to achieve sustainable annual recurring savings.
Capital Strategy Group's financial analysts, auditors, and information technology specialists all utilize the latest methods and capabilities in data collection and analysis. Our accomplished team of professionals, each average over 20 years of experience, and have advised and consulted for some of the world’s premiere international consulting firms including Arthur Andersen, LLP, PricewaterhouseCoopers, LLP, Ernst & Young, LLP, and KPMG, LLP.
Before you file a claim...
(561) 515-6050
The proposed work has both legal and non-legal aspects. All legal work will be performed by licensed attorneys. Please note that the Court requires that you be advised that Plaintiffs in the Rule 23(b)(3) Class (Money Damages Class) have reached a proposed settlement in this action. Materials reflecting this proposed settlement were filed September 18, 2018 with the Court. No claim forms are available at this time, and no claims-filing deadline exists. If the settlement is approved, no-cost assistance will be available from the Class Administrator and Class Counsel during any claims-filing period. No one is required to sign up with any third-party service in order to participate in any settlement. For additional information regarding the status of the litigation, interested persons may visit www.paymentcardsettlement.com, the Court-approved website for this case.
