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Exemplar of Required Notice from Acquirers to Merchants

New procedures will soon go into effect as result of the settlement reached in the merchant lawsuit In re Visa Check/MasterMoney Antitrust Litigation (United States District Court, Eastern District of New York Case No. 96-CV- 5238 (JG)):

Effective January 1, 2004, you will have the choice of discontinuing acceptance of either Visa or MasterCard credit, or Visa or MasterCard debit, including Visa Check and Visa Prepaid cards (i.e., non-PIN debit). If you decide to stop accepting one of these product categories under an existing contract, you must notify Wells Fargo Merchant Services in writing at least thirty days before the date you will terminate your acceptance of these cards. If you do not want to change your current acceptance of both Visa or MasterCard credit and Visa or MasterCard debit, you do not need to do anything.