Deadline to claim a piece of a Visa-Mastercard settlement is Feb 4 [USA TODAY]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: USA TODAY
The deadline to file a claim is Feb. 4, extended from Aug. 30 . Any nonprofit or business is eligible to file a claim if it accepted Visa and/or Mastercard credit or debit payments between Jan. 1, 2004, and Jan. 25, 2019. This includes businesses that have since closed or gone bankrupt. The settlement was a result of a long-running antitrust case in which the two credit card network giants allegedly overcharged merchants by exacting excessive interchange fees, also called swipe fees. Merchants pay these fees, often a percentage of the sale amount, to bank card issuers and the networks each time a card is swiped. “The goal (of the extension) is to get this money into hands of merchants who were allegedly overcharged over this long period of time,” said Alexandra "Xan" Bernay, partner at Robbins Geller Rudman & Dowd LLP, a co-lead counsel with Berger Montague and Robins Kaplan lawfirms on the case. "We want to make sure people have the time to get their claim in.” How can busines
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