Mealey's Banking & Finance - Merchant Agrees To Settle Claims Against Credit Card Processor

Mealey's Banking & Finance - Merchant Agrees To Settle Claims Against Credit Card Processor

MIAMI - A cruise company has agreed to the settlement of a suit in which it alleged that a bank and credit card processor charged an acquirer support fee (ASF) and chargeback insurance fees that were not included or scheduled in a credit card processing service agreement, according to a document the cruise company filed in a Florida federal court (MSC Cruises [USA] Inc. v. Merrick Bank Corp., et al., No. 13-23462, S.D. Fla.).

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