$2.6M First American Payment Systems FTC settlement

The Federal Trade Commission (FTC) will send 5,588 checks totaling more than $2.6 million to businesses that were wrongly charged expensive termination fees by First American Payment Systems. 

The First American Payment Systems settlement benefits businesses that were enrolled with First American Payment Systems between June 2017 and April 2020 and charged an early termination fee.

According to the FTC, First American Payment Systems made false claims regarding its fees and costs, thus deceiving businesses and later charging expensive termination fees. The FTC also argued that the payment company targeted merchants with limited English proficiencies.

First American Payment Systems is a payment processing company that integrates, sells and accepts payments.

Under a federal court order, the defendants were ordered to pay $4.9 million and to stop deceptive practices. $2.6 million of this settlement is being returned directly to customers.

According to the court order’s terms, claimants will receive a payment based on the amount paid in fees and the number of claims filed. No payment estimates are available at this time.

There is no exclusion or objection deadline for the First American Payment Systems settlement.

The federal court order was entered on July 19, 2022.

Consumers must submit a valid claim form by May 7, 2025 to receive an FTC refund.

Who’s Eligible

Businesses that were enrolled with First American Payment Systems between June 2017 and April 2020 and charged an early termination fee.

Potential Award

Varies

Proof of Purchase

Claim numbers that were received via an email.

Claim Form

NOTE: If you do not qualify for this settlement do NOT file a claim.

Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.

Claim Form Deadline

05/07/2025

Case Name

Federal Trade Commission v. First American Payment Systems d/b/a Merimac Capital, et al., Case No. 4:22-cv-00654, in the U.S. District Court for the Eastern District of Texas

Final Hearing

07/29/2022

Settlement Website

FTCFirstAmericanPaymentSystemsSettlement

Claims Administrator

JND Legal Administration
[email protected]
877-595-0114

Class Counsel

Jason C. Moon
Thomas B. Carter
Edward Hynes
FEDERAL TRADE COMMISSION

Defense Counsel

Brian Goodrich
Anthony E. DiResta
HOLLAND & KNIGHT LLP

Ellen T. Berge
VENABLE LLP