Payment Card Interchange Fee Settlement Opens for Claims
Payment Card Interchange Fee Settlement Opens for Claims
Claim notices began mailing out December 1.
December 05, 2023
In March, a federal appeals court upheld a $5.6 billion antitrust class-action settlement consisting of more than 12 million retailers. The claims process is now moving forward as claims forms began mailing on December 1, 2023, and will continue being sent for most of December.
The lawsuit is about the excessive fees merchants had to pay in order to accept Visa and Mastercard cards after the companies violated antitrust laws. With the $5.54 billion settlement, every merchant in the Rule 23(b)(3) Settlement Class that did not exclude itself from the class by the deadline and filed a valid claim (“Authorized Claimant”) will be paid from the settlement fund. The part of the litigation challenging Visa and Mastercard’s rules and price setting is continuing.
The Rule 23(b)(3) Settlement Class consists of persons, businesses and other entities that have accepted any Visa-branded cards and/or Mastercard-branded cards in the United States at any time from January 1, 2004, to January 25, 2019.
The deadline for merchants to file their claim is May 31, 2024. Once you have received your claim notice, you may file either online or mail your claim to the settlement office.
For more information on the claims process and the settlement itself, visit Payment Card Settlement | Official Court-Authorized Website – Home. That is the official website for the settlement and will include all official court notices relating to the settlement.
If you did not receive a claim form and did not opt out, visit the official website and notify the claims administrator to receive and file a claim form. No organization will receive funds without filing a claim.
1-Day Basic Heavy Duty Hands-On Training Class
The one day course will focus on the basics of everyday towing of heavy duty equipment with hands-on training instructed by the Minnesota Professional Towing Association Board of Directors.
7:30am-4:30pm
The Eve Of Destruction
The Eve of Destruction
Saturday, September 16, 2023
EVsafe Awareness Training
As Electric Vehicles (EV’s) become more popular on Minnesota and regional highways, MPTA has partnered up with EVsafe for a training class on Wednesday, June 28th from 8:00am to 11:00am at the DoubleTree by Hilton in Roseville. At this time, MPTA is hosting a morning class with a maximum of 50 students and may add another class in the afternoon if there are more attendees. This class consists of three hours of combined Presentation/Classroom and Hands-on training.
Please feel free to send this information out to your local law enforcement and first responders if necessary. Please see the attached registration form for more information. MPTA does have a small block of discounted rooms at the DoubleTree in Roseville if an overnight is needed for the evening of Tuesday, June 27th.
Please feel free to contact the MPTA office for more information if needed.
EVsafe Awareness Course Registration Form
Hotel Room Link:
MPTA Board Meeting
MPTA Board meeting will be held on February 28, 2023 at the MPTA Office. Weather Permitting.
2886 Middle Street
Little Canada, MN 55117
Dinner at 6:00pm
Meeting at 6:30pm
MPTA Board Meeting
MPTA Board meeting will be held on January 17, 2023 at the MPTA Office.
2886 Middle Street
Little Canada, MN 55117
Dinner at 6:00pm
Meeting at 6:30pm
MPTA Board of Meeting Update
Update! MPTA Board of Directors have moved this evening’s meeting to a Zoom video Conference only at 6:30pm!
MPTA members wishing to join the meeting via Zoom video conference, please send me an email at lance@mnssa.com and I can email you the link.- Lance
MPTA Board Meeting Cancelled
The MPTA Board meeting for November 15, 2022 has been cancelled and rescheduled for Dec 13, 2022.