- Nov. 12, 2012 - Chicago, IL –
Beacon Business Network, LLC offers a convenient and secure online platform to assist the estimated seven million merchants, retailers and small business owners in the United States in filing their claim to receiving their proportionate share of a cash settlement refund totaling over seven billion dollars from the recently announced settlement of the Visa/MasterCard Interchange Fee Class Action Litigation (pending final court approval). Featuring a straightforward and innovative digital online enrollment system and supportive video tutorials, U.S. businesses accepting Visa or MasterCard credit and debit cards for payment since January 1, 2004 can use the paperless online platform available at www.BeaconBusinessNetwork.com
to receive professional assistance during the entire settlement refund process, including confirming their eligibility, accurately preparing and timely submitting their refund claim with the claim administrator, and recovering their proportionate cash settlement refund. Interested businesses can enroll for the service and receive email news updates regarding the settlement at www.BeaconBusinessNetwork.com. The network’s social media community, www.Facebook.com/Beacon-Business-Network
, offers an informative and collaborative forum for Class Action settlement updates, best practices and other business matters.
“BeaconBusisnessNetwork.com provides instructive, user-friendly tools to simplify the settlement claims process for the busy business owner who may not have the time or resources to deal with the claim filing process. Our service includes the ability to accurately prepare and submit the appropriate claim forms, which comply with court approved requirements,”
said Beacon Business Network, LLC Managing Partner Eugene Cummings. “Beacon Business Network’s Facebook Fan Page and YouTube Channel provide a supportive and educational social network for businesses seeking additional information related to the Interchange Fee Class Action Settlement.”
The case against Visa and MasterCard alleges that the card networks have engaged in unlawful anticompetitive conduct by imposing restraints on merchants that result in retailers paying excessive interchange or “swipe” fees when accepting Visa and MasterCard credit cards. These fees, paid by U.S. merchants, generate tens of billions of dollars of annual revenue for credit card networks and their issuing banks. With an average interchange rate of more than 2.0%, U.S. merchants pay among the highest interchange rates in the developed world. These merchants, retailers and small businesses may now be eligible for a refund if they have accepted Visa or MasterCard credit cards for payment at any time since January 1, 2004 to the present. Interested businesses should go to www.BeaconBusinessNetwork.com for more information about their potential claim.
Beacon Business Network, LLC provides a highly specialized class action claim recovery service, offering businesses a complete solution to settlement fund recovery in commercial class actions. The service provides U.S. merchants with professional assistance during the entire settlement refund process, including confirming eligibility, preparing and submitting the refund claim, and recovering and distributing the cash settlement refund. Go to www.BeaconBusinessNetwork.com, join the community at www.Facebook.com/
Network, follow on Twitter @Beacon_Business or watch relevant refund tutorials at www.YouTube.com/BeaconBusiness
. Beacon Business Network. LLC – You are free to go about your businessTM.
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Contact: November 12, 2012