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Visa and Mastercard gearing up to hand out one-time payments from $197.5m ATM fee settlement – all you need is a receipt

January 19, 2025

ONE-TIME payments from Visa and Mastercard worth a combined $197.5million are being handed out to Americans – and all you need is a receipt.

Visa and Mastercard are forking out the cash after claims they they charged unlawful surcharges on ATM transactions.

GettyThe settlement benefits inviduvals and entities that paid an unreimbursed ATM access fee directly to JP Morgan, Wells Fargo or the Bank of America[/caption]

GettyThe suit covers people and entities who were affected between October 1 ,2007 and July 26, 2024[/caption]

Days remain for claimants to file on this class action lawsuit, so those who believe they are eligible are encouraged to fill one out as soon as they can.

The settlement benefits inviduvals and entities that paid an unreimbursed ATM access fee directly to JP Morgan, Wells Fargo or the Bank of America.

This also includes any other banks that are members of the Visa and/or Mastercard ATM networks.

The suit covers people and entities who were affected between October 1 ,2007 and July 26, 2024.

It was claimed by the plaintiffs of the suit that banks and ATM networks conspired to charge unlawful surcharges on ATM transactions.

This violates federal antitrust laws.

Visa will contribute $104.675 million, and Mastercard will contribute $92.825 million for a total settlement fund of $197.5 million.

Class members can receive a cash payment based on the surcharges they paid during the specified period.

All that’s needed is a proof of purchase, such as ATM receipts or electronic records.

Those who have previously been eligible in a suit regarding the same issue do not have to file again.

These class members will automatically receive a settlement payment based on the information they previously submitted.

If a class member has experienced an additional surcharge since filing their initial claim, they are entailed to file another to include the new charges.

Only a few days remain for Americans to claim back they money they are owed.

To receive ATM fee settlement benefits, class members must submit a valid claim form by January 22, 2025.

The final approval hearing for the settlement is scheduled for January 23, 2025.

A SWEET OREO TREAT

This isn’t the only cash that Americans can claim right now.

Mondelez International is a food and drink company behind Oreo and several other popular snacks and candy including Triscuit, Wheat Things, Toblerone, Sour Patch Kids, and more.

The company and the law firm that represents it, Bryan Cave Leighton Paisner, were accused in the suit of not having adequate cybersecurity measures to protect consumer details in a February 2023 data breach.

While Mondelez International and Bryan Cave Leighton Paisner haven’t admitted any wrongdoing in the case, each agreed to a $750,000 settlement to resolve the claims.

A deadline to file is set for February 10, 2025.

Individuals who qualify for a distribution from the settlement pot must’ve gotten a crucial notification from Bryan Cave Leighton Paisner, Mondelez International, and Chicago IVF.

The notice would’ve informed them that their personal information was or could’ve been compromised in the February 2023 breach.

Those who didn’t get the notice will not be able to get money.

There are no other eligibility requirements.

GettyThe deadline to file a claim for the Visa and Mastercard suit is January 22, 2025[/caption]

https://www.the-sun.com/money/13329854/visa-mastercard-one-time-payments-atm-settlement/

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