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
Framing growing cultural connections
Near the Forbidden City lies a quaint courtyard with gray brick walls, crimson columns and old trees2024-05-20Conor McGregor's dad Tony, 64, is hospitalized in Ireland after major health scare
Conor McGregor's father, Tony, was brought to the hospital on Thursday after experiencing chest pain2024-05-20I'm a therapist... here's why women are attracted to 'bad boys'
Women may be subconsciously attracted to the 'bad boy' over the 'nice guy' for a very simple evoluti2024-05-20Double child killer Colin Pitchfork who raped and strangled two 15
Double child killer Colin Pitchfork's next parole hearing will take place in public in July.The Paro2024-05-20Armed robbers hit luxury store in Paris reported to be 'Jeweler to the Stars'
PARIS (AP) — French police were hunting for armed robbers Saturday who hit a jewelry store on one of2024-05-20- PHILADELPHIA (AP) — Pete Alonso homered, J.D. Martinez hit a go-ahead single in the 11th inning and2024-05-20
atest comment