Merchants Seek Final Approval Of $84M Class Settlement In Card Pay Scheme Case

Mealey's (May 18, 2022, 7:49 AM EDT) -- OMAHA, Neb. — Merchants that contracted with Central Payment Co. LLC (CPAY) to process card payments and alleged that they were subjected to a “fraudulent scheme” to deceive them into paying excessive fees moved in a federal court in Nebraska on May 6 for final approval of a settlement they say will make available $84 million in cash benefits as well as a class counsel fee equal to one-third of that amount....

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