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
Vladimir Putin is sworn in for his fifth term as president at glittering ceremony in front of hand
Vladimir Putin has been sworn in for his fifth term as Russia's president in front of dignitaries, c2024-05-08Ceremony held to mark anniversary of China's resistance war against Japanese aggression
(Xinhua) 09:38, July 08, 2023Yin Li, a member of the Political Bureau of the Communist Party of Chin2024-05-08Active role of overseas Chinese hailed at event
By Xu Wei (China Daily) 10:52, September 01, 2023General Secretary of the Communist Party of China2024-05-08Feature: Rafah drowning in tears as Palestinians bid farewell to loved ones for survival
(Xinhua) 10:01, April 04, 2024GAZA, April 3 (Xinhua) -- It should be a happy day. Ghazal Bseiso was2024-05-08- A cavalcade of A-list celebrities sadly skipped the 2024 Met Gala this year despite their highly ant2024-05-08
- (Xinhua) 21:51, September 07, 2023General Secretary of the Communist Party of China Central Committe2024-05-08
atest comment