Newtek Business Services Corp.
 
 

Status on Visa and Mastercard Settlement

As your merchant processor, we are your advocate. Recently there was a $5.54 billion settlement regarding interchange fees, and merchant discount antitrust litigation with Visa and MasterCard.

Many of our merchants qualify for the settlement, so we are partnering with MCAG, class action settlement recovery experts, that know how to navigate the process and handle the majority of the work.

MCAG only charges a contingency fee of 20% on recoveries with no additional fees. Few merchants understand the process or have the time, which is where MCAG helps.

There are some key dates and timing that are important, so please click here to learn more about the settlement and how MCAG can assist.

NMS & The MCAG Team


Payment Card Settlement Disclaimer: On December 13, 2019 the Court granted final approval of the settlement filed on September 18, 2018 for the Rule 23(b)(3) Class Plaintiffs in this action. No claim forms are available at this time, and no claim-filing deadline exists. No-cost assistance will be available from the Class Administrator and Class Counsel during any claims-filing period. No one is required to sign up with any third-party service in order to participate in any settlement. For additional information regarding the status of the litigation, interested persons may visit www.paymentcardsettlement.com, the Court-approved website for this case.