(April 2020) – The Payment Card Interchange Fee Class Action Settlement received final approval on Dec. 13, 2019. This settlement resolves allegations that VISA, MasterCard and their issuing banks violated the law by charging excessive interchange fees to merchants. The settlement fund will be approximately $5.54 billion and applies to all merchants who accepted VISA or MasterCard branded credit or debit cards between Jan. 1, 2004 – Jan. 25, 2019.
So far, an official claim form has not been released and a claim filing deadline has not been set. However, those are due to come out soon. No-cost assistance will be provided by Class Counsel and the Court Administrator during any claims filing period. While claimants do not need to sign up with any third-party service in order to participate in monetary relief, the difficulty may be understanding the data provided by the defendants, how it applies to your organization, as well as what additional information may be provided to ensure a complete claim.
Class Action Capital, a partner of the Kansas Health Service Corporation, specializes in the research data collection and filing of these complex class action settlement claims. Class Action Capital can assist in preparing and managing your claim and operates on a contingency fee basis.
For more information, please visit the official settlement website or Class Action Capital’s website. For questions about this settlement and their services, please contact Joshua Kerstein at (914) 200-0066.