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. |
Shota Imanaga continues strong start to major league career as Cubs top Mariners 4China's rural policy bank to increase financial support for rural revitalizationREVEALED: The US cities where home prices have DOUBLED the fastestFeature: Australian winemaker excited about reChina's Bluetooth headphone market grows in 2023China's 2024 GDP growth goal achievable via enhanced efforts: officialAviation hub drives BeijingI'm a career expertIt's the first drug shown to slow Alzheimer's. Why is is it off to a slow start?China's Xiaomi releases its first self