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
Xinhua Headlines: Xi Jinping Unanimously Elected Chinese President, PRC CMC Chairman
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-08People visit exhibitions at Times Art Museum in Beijing
A woman takes pictures at the Times Art Museum in Beijing, capital of China, April 10, 2022. (Xinhua2024-05-08Tourists visit 23rd Harbin Ice
Aerial photo shows tourists visiting the Harbin Ice-Snow World in Harbin, northeast China's Heilongj2024-05-08Farms a hive of activity across China
A farmer operates a drone in a field in Qingshan Town of Chongyang County, central China's Hubei Pro2024-05-08Harvard president resigns amid new plagiarism allegations
In this December 14, 2022, image released by Harvard University, Claudine Gay poses for a photo. [Ph2024-05-08China installs deepwater jacket for offshore oil development
The Haiji-1 deepwater jacket was installed at sea in south China's Guangdong Province. (Provided by2024-05-08
atest comment