In a recent class-action lawsuit filed in California, a federal judge certified claims against several credit card equipment leasing companies. The suit alleges that merchants were overcharged for their services and were unaware of hidden costs. The defendants, in this case, are National Payment Processing Inc. and Merchant Services Inc., and a few other individuals. The suit states that the fees and other charges related to credit card equipment leasing are excessive. This class action was brought on behalf of the consumers.
The National Processing Company (NPC) is a bank that formerly operated as National Processing, Inc.
The company does not disclose its hardware prices on its website. However, if you are a merchant, you can read their pricing disclosure on their website. If you find that they do not meet your needs, you can always opt to cancel your account with them. They offer a 30-day money-back guarantee if you are not satisfied with their service.
The plaintiffs in the national processing company lawsuit are based in Chicago. The plaintiffs allege that EPG began recording conversations between merchants and their customers in 2011. This was done for Wells Fargo and Fifth Third Bank. After this acquisition, Ironwood continued its practices and started recording conversations for both banks. They also allegedly used a recording device to track a customer’s credit card information. The National Processing company also offers a mobile card app called the process.
Besides NPC’s fee structure, the plaintiffs have also alleged that the company’s rates are excessive.
The rate structure is a custom-set-by-business model. The high cost of processing cards with this company has caused many merchants to feel ripped off. Further, the plaintiffs have cited termination fees as an additional complication. It is unclear what the legal strategy would be in resolving this case.
The plaintiffs have not yet established whether the charges were justified in the lawsuit. The plaintiffs have not argued that the charges were excessive. They claim that the company charged too much for the services. The claims have been settled and the company has been ordered to reimburse its customers. Regardless of the reasons for the lawsuit, the defendants’ conduct is unconscionable. And the damages are far beyond their competitors’ reasonable expectations. A settlement can bring them to court.
The lawsuit against the National Processing Company alleges that the company recorded telemarketing conversations for clients.
The claims were filed in late November 2015. The defendants are a Chicago-based law firm. The suit seeks statutory damages of $5 million per violation. Moreover, the plaintiffs are claiming that the company violated the federal antitrust laws. It is also unclear whether the settlement will be successful. A court will likely grant the claims.
A national processing company lawsuit is a civil lawsuit that has been filed against many companies that are related to NPC. The company provides payment services to both B2B and retail companies. The charges for these services are custom-set by the business, but the business does not have to disclose its fees. In addition, the national processing company does not offer the lowest rates in the industry. The fees for their services are based on a per-transaction basis, so they are subject to negotiation.
The company has been sued by merchants for charging too high fees.
While most credit card processors offer competitive interchange-plus pricing, the NPC charges its customers higher rates than the competition. The plaintiffs also claim that the company charged excessively for its fees. The plaintiffs are asking for statutory damages of up to $5,000 for each violation. The NPC has not responded to the suit. The suit has only been filed in Illinois and California.
The lawsuit against the national processing company is based on the fact that the company has the policy to charge businesses for service and does not disclose this on their website. Moreover, several other factors support a class action. For instance, the company is accused of using a hidden camera for recording telemarketing conversations for its purposes. Further, the complaint against the NPC has been withdrawn due to the lack of transparency in their fees.