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Litigation alleges Discover Financial Services, along with its subsidiaries, improperly applied higher interchange fees to certain merchant transactions by misclassifying the nature of the credit cards used.
The misclassification allegedly occurred from 2008 onward, resulting in significant overcharges to merchants.
The proposed class encompasses all merchants who, from 2008 to the present, accepted Discover credit cards and were subjected to interchange fees that exceeded the applicable rates as outlined in Discover’s Interchange Rate Sheet.
The defendants include Discover Financial Services, DFS Services LLC, and Discover Bank.
