PNC Bank, a unit of PNC Financial Services Group Inc., will pay $90 million to settle a lawsuit accusing it of improperly manipulating customers' debit card transactions to generate excess overdraft fees, Bloomberg News reported yesterday. The lawsuit, part of litigation involving more than 30 banks, is pending before U.S. District Judge James Lawrence King in Miami, lawyers for the plaintiffs said yesterday. The customers claimed PNC Bank's computer system resequenced the actual order of debit card and ATM transactions by posting them in highest-to-lowest dollar amount instead of the actual order in which they were initiated, according to the statement. That led to excess overdraft fees, the plaintiffs say.
