“the plaintiffs have until 10/19 to agree to the $7.25 billion settlement. Some of the larger associations that are opposing are being given a small window to make formal opposing arguments to the courts. We expect the courts to want to move fairly quickly on this.”
Please read the below and contact my friend Marc. Besides just getting you “in line” for your portion he will assure you get the maximum amount that you’re eligible for and it should decrease the amount of time you have to wait for funds. There are no upfront fees and no compensation due unless your claim is funded. Just make sure you call Mark direct T 1 212 805 7210 C 1 917 957 2082
This letter is to notify you that your company is eligible for a refund in the Payment Card Interchange Fee Settlement. If your organization accepted Visa and/or MasterCard Credit and/or Debit Cards in the United States at any time from and after January 1, 2004, you are entitled to monetary compensation. Your company would be compensated based on your processed credit card transactions. The projected settlement payout is $4 billion.
Settlement Recovery Group is a leading class action claims filing service, to prepare and submit claims on behalf of our members in the Visa/MasterCard Interchange Fee Settlement. Settlement Recovery Group has agreed to provide its services to our clients at a reduced contingency fee of recovered settlement funds. There are no up-front costs. If Settlement Recovery Group is unable to recover funds on your behalf, then it does not get compensated for its efforts.
Below is a brief description of the class action settlement:
Plaintiffs allege that, between January 1, 2004 and the present, Defendants Visa, MasterCard and several banks including Bank of America, JPMorgan Chase and Citigroup conspired to artificially inflate the prices of interchange fees that merchants’ acquiring banks pay to customers’ issuing banks in a credit or debit card transaction. Since the interchange fees are inflated, the discount fees merchants pay to accept card payments are in turn artificially high, and various rules prevent merchants from challenging the inflated fees.
If you have any questions regarding the settlement or would like to file a claim, please contact our representatives at Settlement Recovery Group for more information:
Settlement Recovery Group, LLC
199 Water Street, 26th Floor, New York NY 10038-3560
T 1 212 805 7210 C 1 917 957 2082 F 1 866 519 2861
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