Follow-Up on Debit Card Swipe Settlement

Last week, we advised that the U.S. District Court gave final approval to a $5.54 billion settlement in the class action lawsuit against VISA, MasterCard and the largest card-issuing banks over card swipe fees and overcharges to businesses since 2004. We also reported that DDIFO is in discussions with Class Action Refunds to possibly provide…

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Court Approves Card Swipe Settlement

In mid-December, the U.S. District Court for the Eastern District of New York granted final approval of a $5.54 billion settlement in the lawsuit brought by merchants against VISA, MasterCard and the largest card-issuing banks. The class action lawsuit was initiated on behalf of merchants that accepted VISA or MasterCard since January 1, 2004 and…

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Interchange Fee Settlement Proposed Again

It has been bouncing around for a good number of years now and was thought to be settled a few years ago before that settlement was ultimately rejected. Now, it would appear that a settlement has again been reached in the class action suit over VISA and MasterCard Interchange Fees. The lawsuit stems from claims…

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Swipe Fee Settlement

We again remind our members and other Dunkin’ franchisees that the $5.7 Billion settlement between VISA and MasterCard and a number of merchant and trade organizations has been finalized by the US District Court.  The settlement stems from a 2005 class action lawsuit against the credit card giants on behalf of merchants regarding non-negotiable credit…

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