Is my payment card settlement check coming?

If your business filed a payment card claim before February 4, 2025, your claim is in the distribution queue. Here's what that means and what moves the timing.

The facts, in order. The court granted final approval in December 2019. The claims-filing window closed February 4, 2025. The court approved the first partial distribution on October 30, 2025. The Second Circuit affirmed the settlement on May 4, 2026, with en banc petitions pending. Distribution checks are rolling out through 2026.

So yes — payment is in motion. The $5.54 billion merchant fund is being distributed, not litigated from scratch.

What affects your timing. Appeals come first: unresolved petitions can hold back portions of the fund. Data quality comes second: if your transaction records are incomplete or conflict with the processor data on file, your claim takes longer to validate. Wave order comes third: administrators pay in tranches, and a clean claim in an early tranche lands well before a disputed one.

What doesn't affect it. Calling the administrator more often. Paying anyone to "expedite" a claim. Filing again — the window is closed, and no legitimate service can file this claim for you now.

What we can do. We track your distribution against the docket so you know where you actually stand. We audit your claim value against your own transaction history, because under-documented claims get paid short. And if the timeline doesn't fit your cash flow, we can buy the claim so you're paid today rather than on the court's schedule.

Fifteen minutes with our team is usually enough to answer the question you actually have: when, and how much.