Deadline for businesses to apply for their share of massive credit card company settlement looms
NEW YORK (AP) — A deadline is looming for millions of businesses who may be entitled to a payout in a $5.5 billion antitrust settlement with Visa and Mastercard.
The settlement stems from a 2005 lawsuit that alleged merchants paid excessive fees to accept Visa and Mastercard credit cards, and that Visa and Mastercard and their member banks acted in violation of antitrust laws.
Any businesses that accepted Visa and/or Mastercard credit or debit cards in the U.S. between January 1, 2004 and January 25, 2019 may be eligible to receive part of the settlement. Eligible owners whose businesses have since closed or went bankrupt can also submit a claim.
Mitch Goldstone, CEO and owner of the film scanning business ScanMyPhotos.com, and lead plaintiff in the lawsuit, said it has been difficult to get the news out to small businesses so they can file a claim in the settlement.
Related articles
- The Met Gala is arguably fashion's biggest night of the year - but several celebrities stepping out2024-05-08
Brazilian exports surpass $300 bi mark
Published on 21/11/2023 - 11:20 By Wellton Máximo - Agência Brasil - Brasíl2024-05-08Small businesses account for 71% of jobs created up to September
Published on 06/11/2023 - 15:25 By Pedro Peduzzi - Brasília2024-05-08Petrobras, investors discuss recovery of Brazilian refinery in Bahia
Published on 15/02/2024 - 10:05 By Alana Gandra - Agência Brasil - Rio de J2024-05-08Wisconsin Republicans launch audit of state government diversity efforts
MADISON, Wis. (AP) — The Legislature’s audit committee voted Tuesday to launch a comprehensive revie2024-05-08Hong Kong's domestic workers harness their voices through poetry
Maria Editha Garma-Respicio fondly recalls her teenage years writing for her school newspaper, readi2024-05-08
atest comment