If your business accepted Mastercard between 2004 – 2019, you’re now eligible to claim your share of a $5.5 billion settlement. At Mastercard Settlement, we are dedicated to helping businesses navigate the complex legal landscape and secure their rightful compensation from the recent $6.24 ...
NEW YORK - A landmark antitrust class action settlement has been reached between U.S. merchants and Visa and Mastercard to resolve claims for a lawsuit entitled "In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation." The settlement, among the largest in U.S. anti...
Visa and MasterCard, along with some top US banks, have agreed to pay as much as $6.2 billion in a class action settlement with US retailers over swipe fees. The settlement ends a 13-year old suit brought by the nation's leading merchants, which claimed that Visa and MasterCard violated ...
CA Appeals Court Approves Revised Visa and MasterCard Class Action SettlementKelly, Scott
Visa&Mastercard, two of the largest digital payment companies in America, have been accused of unlawful surcharges on ATM transactions, and have agreed to pay out a settlement to those ATM users effected. Theclass-action lawsuitstates that Visa & Mastercard teamed up with a few banking establis...
Merchants are expected to save $30 billion during the next five years as a result of the settlement. They are also expected to have more freedom to impose surcharges on cards that require a more expensive swipe fee. Visa estimates that 90% of the merchants in the class action are small...
Visa and Mastercard had argued that the judge failed to conduct a “rigorous analysis” before certifying the class-actions. The proposed settlement class was estimated to have at least 175 million members. Consumers will have a chance to object to the terms of the settlement, including the amou...
Fiserv has partnered with MCAG, a class action settlement revenue recovery expert. They’re currently contracted with more than 225,000 merchants and offer claims filing assistance to our customers that are eligible for compensation from a $5.54 billion settlement on interchange fees. The ...
The settlement could lower costs for businesses and consumers, but fee reductions end after five years.
Lawyers for the merchants called the settlement one of the largest ever for a class-action antitrust suit, although the agreement does not require Visa andMastercardto make payments upfront. Instead, the companies agreed to reduce sellers’ swipe fees by at least 0.04 percentage points for a mi...