Advertisement

Heartland Payment Systems Files Lawsuit Against Mercury Payment Systems

Payment processing provider Heartland Payment Systems filed a federal lawsuit against Mercury Payment Systems.  The lawsuit charges Mercury with false advertising, unfair competition, intentional interference with contractual relations and intentional interference with prospective economic advantage.

“The deceptive pricing practice of falsely inflating pass-through interchange fees not only constitutes unfair and illegal competition, it also costs even the smallest of merchants hundreds, or sometimes even thousands of their hard-earned dollars each year without their awareness,” said Robert O. Carr, Chairman and CEO of Heartland. “Industry-wide, the cost of deceptive interchange practices runs into tens of millions of dollars, and has caused great harm to the reputation of the entire electronic payments industry.”

Advertisement

The suit calls for a halt of Mercury’s “routine deceptive pricing practices to secure new retail customers and maintain their existing merchants.”  The suit also requests compensation to Heartland “for each merchant and prospect Mercury has wrongfully taken from Heartland by deceptively falsifying pass-through interchange costs and other illegal methods.”

Additional information on this suit can be found at: www.merchantservicesdefense.com.

Featured Event

Join the retail community as we come together for three days of strategic sessions, meaningful off-site networking events and interactive learning experiences.

Advertisement

Advertisement

Access The Media Kit

Interests:

Access Our Editorial Calendar




If you are downloading this on behalf of a client, please provide the company name and website information below: