Swipe Fee Settlement Deadline December 19

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On December 4, bookstore members should have received an e-mail from the American Booksellers Association with updated information regarding the recent notice sent to them by the Visa/MasterCard interchange class settlement administrator.

Bookstores that opted out of the Visa and MasterCard credit card swipe fee settlement class action in 2013 were informed by the notice that they had an opportunity to rejoin the cash settlement class by December 19, 2014.

Booksellers with questions for ABA regarding the Visa/MasterCard settlement and those who wish to see an example of the Notice to Rejoin the Class Settlement form should contact David Grogan, ABA senior public policy analyst, at dave@bookweb.org or at (800) 637-0037, ext. 7562.

For more on the Visa/MasterCard settlement, click here. The Class Action website, paymentcardsettlement.com, offers good background on the case; however, it is out-of-date and does not reflect the information explained in the recent notice from the class settlement administrator. The information provided in the e-mail from ABA is current.