TIMELY UPDATE: VISA/MASTERCARD SETTLEMENT
Hospital Council and our endorsed business partner Managed Care Advisory Group (MCAG), a third-party filing expert, would like to inform members that a $5.54 billion settlement has been reached to compensate merchants for excessive interchange fees. The deadline for submitting your claim form is May 31, 2024.
Pre-populated claim forms are being sent to eligible merchants by the settlement administrator. It’s essential to thoroughly review the form and closely examine your information on the administrator’s portal to ensure you receive the compensation you deserve.
It may take time and resources to verify the details and calculations on your claim form against your records, as it’s based on “defendant-supplied” data. By registering with MCAG, their experts will review the figures supplied by the administrator, as well as all other available data, ensuring you receive every dollar entitled to you under the settlement.
Payment Card Settlement Disclaimer: Claim forms will begin to be delivered and available online in December. No-cost assistance is available from the Class Administrator and Class Counsel during the claims-filing period. No one is required to sign up with any third-party service in order to participate in any monetary relief. For additional information regarding the status of the litigation, interested persons may visit https://www.paymentcardsettlement.com, the Court-approved website for this case.