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. |
1 dead in small plane crash in northwest Indiana, police sayMaine governor signs bill restricting paramilitary training in response to neoHow the OJ Simpson saga became a unique American momentSexual assaults rise in Central African Republic. Wagner, bandits and even peacekeepers are blamedJury visits a ranch near USTrump: Court finding first Americans to sit in judgment of former presidentRussian authorities announced mass evacuation for floodLouisiana lawmakers reject minimum wage raise and protections for LGBTQ+ people in the workplaceRoberto Cavalli, Italian fashion designer, dies at 83Firearms Prohibition Orders changes just 'window dressing'