Reclaim Your Part of the up to $1.09 Billion Discover Settlement

Did you accept Discover cards?

If your U.S. business accepted Discover credit cards from January 1, 2007 through December 31, 2023, you may be eligible to file a claim and entitled to compensation.

Taking Action

Settlement Background

1:23-cv-14250, N.D. of IL, MDL.
The court has granted preliminary approval for a resolution addressing allegations that Discover Financial Services improperly classified consumer credit cards as commercial accounts. This incorrect classification led to merchants and related parties being charged higher-than-appropriate interchange fees.

Discover Financial Services has committed to a settlement fund starting at $500 million and potentially reaching $1.09 billion. The final distribution amount will be determined based on the total number and value of validated claims submitted.

Your business may qualify for compensation if you processed Discover card transactions, operated as a Merchant Acquirer, or functioned as a Payment Intermediary during the period from 2007 through 2023.

Current Status:

A modified settlement agreement has been submitted and is awaiting final court approval. Claims cannot be filed directly with the court just yet—but you can prepare now so by signing up with RMS. We will monitor the settlement and file as soon as it opens up.

Why Partner With Us?

Risk Management Solutions Co. focuses on one thing: maximizing settlement recoveries for our clients. We provide clear communication throughout the process and leverage our experience with similar cases to ensure your claim receives proper attention.

Our hands-on experience with the Visa/MasterCard settlement gives us valuable insight into payment card litigation that benefits every client we represent.

WHAT WE DO FOR YOU

1. Filing Support — From Start to Finish

We prepare your paperwork and handle submission as soon as the claim window opens.

2. Stress-Free Process

We track deadlines, communicate with administrators, and keep you informed—so you don’t have to.

3. Trusted Claims Partner

We’ve assisted thousands of businesses through similar processes like the Visa/Mastercard Interchange fee settlement.

No Upfront Fees – Contingency-Based Services:

Our services are provided on a contingency basis, meaning there are NO UPFRONT FEES. You will only be charged a fee once the settlement is awarded. Risk Management Solutions fee is 25% of the recovery amount.

For more information or to begin the claims process, contact our team at support@riskmanagementsolutions.co or complete the form below

Intake Form

Whats next?

Step 1: Document Delivery

Within minutes of completing the form, you'll receive documents via PandaDoc for electronic signature. If your business has multiple entities, we may send additional documents as needed.

Step 2: Confirmation & Queue

Once your documents are signed, you'll receive confirmation that we've received them and your business has been added to our submission queue.

Step 3: Review & Preparation

We'll review your information and prepare your claim materials for submission when the claims administrator opens the filing process.

Step 4: Submission & Updates

When filing becomes available, we'll submit your claim and keep you updated throughout the entire settlement process.

Please note: Final eligibility determination will be made by the settlement administrator once the claims process officially opens.

Disclaimer: Risk Management Solutions Co. operates independently and has no affiliation with the settlement administrator, plaintiff attorneys, or court officials and a private company. We do not provide legal advice and cannot guarantee settlement outcomes. Businesses may participate in this settlement without third-party assistance through the official settlement website at www.discovermerchantsettlement.com. Class counsel provides no-cost assistance during the claims period.