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Final Approval of Visa/MasterCard Settlement

inal Approval of Visa/MasterCard Settlement

On December 13, 2013, the U.S. District Court for the Eastern District of New York approved a Class Settlement among merchants, Visa, MasterCard and other Defendants in a class-action lawsuit. The lawsuit claims that merchants paid excessive fees for accepting Visa and MasterCard because of an alleged conspiracy among the Defendants.The $7.25 billion settlement involves US merchants only.

At this time, you are not required to take any action. There will be future updates once the Court approves a claim form and outlines the claim process. We will continue to keep you informed via our blog, and for official updates, please refer to the court-authorized card payments website at https://www.paymentcardsettlement.com/en or click here.

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