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Payment Card Interchange & Merchant Discount Antitrust Litigation Deadline Extended



We are writing to inform you that the claim filing deadline for the Payment Card Interchange Fee class action against VISA and Mastercard, which already had been extended from May 31, 2024 to August 30, 2024, has been extended again, this time until February 4, 2025.

 

In their extension request, Rule 23(b)(3) Class Counsel advised the district court that they do not expect that another request for an extension will be necessary.

 

WHAT THIS MEANS FOR YOUR CLAIM

 

As a reminder, our Settlement partner, FRS has been working with the Class Administrator to obtain your claim form(s) and search defendant records for eligible interchange fees you paid.

 

To maximize your recovery, FRS will also be requesting secondary searches for additional data, based on Merchant IDs (MIDs) and company addresses, as well as providing the Class Administrator with any supplemental data you have provided during your engagement. 

 

If you are contacted by FRS, please assist them so you can get paid the maximum amount you are due for being overcharged for years by Visa MasterCard.

 

We ask that you work with your accounting team to ensure that we have, if necessary, the data and documentation that may be needed to increase your overall recovery.

 

Please keep in mind that it will likely be weeks, if not months, before the Class Administrator responds to secondary search requests or reviews supplemental data.

 

But have no fear, your claim only needs to be filed, not final, prior to the claim filing deadline, and, upon receipt of secondary search requests, we will have time to amend your claim if needed.   

 

If you have not signed up yet, do it now!

 

Click on the link and fill out a simple form and within 5 minutes you will be sent an online E-Signature form to allow FRS to manage and collect and disburse the funds you deserve!

 

Merchants sign up for the $5.5 Billion Dollar Visa Class Action Settlement here:  

 

 

As always contact us for any questions or help with this process.

 

Ask us how to make it work for your business!

Call 888-995-3995 or direct line is 512-848-1069

 

Thank you!  

 

Want to set up time to talk?  

 

Ken Givens     

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