August 16, 2004
PSW, INC. FILES ANTITRUST LAWSUIT AGAINST MASTERCARD AND VISA
(Providence, Rhode Island) - PSW, Inc. (
www.pswbilling.com), a credit card processing company for internet merchants, filed a lawsuit today in federal district court against MasterCard and Visa alleging violations of various state and federal anti-trust laws and seeking over $240 million in damages. Also named as defendants in the lawsuit are First Financial Bank and First Data Merchant Services, both of which are owned by Colorado based First Data Corporation. The twelve-count complaint also alleges claims for interference with contractual relations, breach of the covenant of good faith and fair dealing, conversion, embezzlement, and breach of contract.
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