Mealey's Banking & Finance - Federal Judge Denies Class Certification In Credit Card Dispute

CENTRAL ISLIP, N.Y. - A federal judge in New York on Feb. 22 denied class certification to merchants who allege that Wells Fargo Bank NA and credit card payment processor First Data Merchant Services Corp. (FDMS) overcharged them for credit card processing fees, finding that the merchants do not meet certification requirements and dismissing the case (Spread Enterprises. Inc v. First Data Merchant Services Corporation, et al., No. 11-4743, E.D. N.Y.; 2013 U.S. Dist. LEXIS 22307).

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