New Recovery Opportunity: $1.22 Billion Discover Class Action Settlement

We are writing to you today about a new recovery opportunity for your business that we would like to make sure you take advantage of. You may or may not have received some forms recently in the mail about a $1.22 billion class action settlement against Discover. If you did, that is great. If you did not, that is fine too, it does not mean you are not eligible for this recovery.

You may remember that Brady Ware formed a partnership with a leading class action claims management firm, Financial Recovery Strategies (FRS). Many of you have taken advantage of working with FRS and their CRO, Harris Love, on the Dealer Management Systems (DMS) case for auto dealers or the Visa Mastercard settlement (Payment Card Interchange Fee, or PCIF) opportunities. The aforementioned Discover settlement is another settlement that FRS is managing for many of you, but if you have not worked with FRS previously, now would be a good time to let us know.

The Discover settlement is for End Merchants (those that accept credit cards for payment of a product or service), at any point, from January 1, 2007, through December 31, 2023. Therefore, if you have a newer business that was not eligible for PCIF (end date was January 25, 2019), but would be eligible for Discover, now is your opportunity to get your rightful recovery. The settlement was based on overcharges of interchange on some Discover transactions. The filing deadline for this claims process is May 18, 2026. For more information about this settlement, please see the attached Settlement Summary provided by FRS.

Most Brady Ware clients, if FRS is managing your PCIF claim, have likely already enrolled you in the Discover opportunity as well. If you’re unsure, please contact Harris Love (hlove@frsco.com) or check with us. If you haven’t worked with FRS before, here is a link for you to enroll: https://www.frsco.com/bradyware/

Once you visit that link, you can enter your company’s information. Once you hit SUBMIT on that page, an Adobe Sign e-signature Agreement and Authorization will be sent to the email address that you enter in the portal. Once you e-sign the forms, you will be all set, and FRS will take things from there. If you do not receive the Adobe Sign forms within a minute or two of hitting submit, make sure to check junk/spam to see if the email went there.