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. |
New Godzilla x Kong film continues to lead China box officeMoment Iran began its 300Museums in rural China preserve culture as nation rapidly modernizesFeature: Happy Chinese New Year Beach Carnival shines at New Zealand beachAuthorities say 4 people are dead after a train collided with a pickup in rural Idaho'Saturday Night Live': Caitlin Clark makes surprise cameo85 ancient sites unearthed along China's Grand CanalFeature: China's topInside the China Online Audiovisual Annual GalaFeature: Angolan youth embrace Chinese language learning for future careers