The Payment Card Interchange Fee Settlement provides a great opportunity for businesses, along with a problem for many. The opportunity is simply put: money in your lap! A simple claim form with a clear loss estimate. All it needs is your signature. Pop it in the mail and a settlement check at some point in the future. Not bad, eh?

Well, that “some point in the future” may be a long way off. If you can’t or just don’t want to wait, the good news is we are monetizing claims now. For more on that, click here.

In this post, we will talk about the other hiccup some claimants might face: amending their claims to make sure they get the awards they deserve.

Here is how accepting the prepared claim form may not be the right solution for each class member:

The claims administrator will estimate the total interchange fees for each class member’s Visa and Mastercard card transactions for a 15 year period. There will be some instances where the claims administrator lacks enough data to make any estimate. In these instances, the burden will be on class members to submit information, including:

• Interchange fees paid

• Merchant discount fees paid

• Merchant category codes

• Total Visa and Mastercard transaction volume … from as far back as the first George W. Bush administration.

The Class period spans over 15 years: January 1, 2004 to January 25, 2019. That means a lot of old records to sift through and search for—and some records entirely inaccessible.

• If you don’t amend your prepared claim, you risk leaving money on the table

• If you do amend your claim, it could distract from your core business.

That’s where Certificate Clearing can help.

When you partner with Certificate Clearing, you ensure that you get the recovery you deserve while eliminating the hassle. On your behalf, we will:

• Help you to search for and gather old data

• Arrange your 15 years of transactions, fees, and sales volumes into a clean, searchable format

• File a complete, accurate claim for each of your entities on your behalf

• Respond to deficiencies and reconcile any questions from the administrator, eliminating yet another is laborious—and risky—step to a substantial recovery

We will do it right—and we won’t charge too much.

Some of our clients have told us that other firms are charging 30, 40, even 45% for filing an amended claim. Now, I am about to drop some industry jargon here, but in our world we call fees like that “totally crazy,” or even “bonkers.” Depending on the complexity of the claim and accessibility if the data, Certificate Clearing charges between 15 and 20% for an amended claim.

Any questions? Then give us a call. Our experts are ready to help.

Claim forms are being delivered and are available online beginning December 1, 2023. Class members need not sign up for a third-party service in order to participate in any monetary relief. No-cost assistance is available from the Class Administrator and Class Counsel during the claims-filing period. See more information at the Court-approved website:www.paymentcardsettlement.com