Overview

• Mastercard agreed to a £200 million settlement to resolve claims of overcharging consumers on fees charged between 1992 and 2008.
• Innsworth, the litigation funder behind Walter Merricks’s 2016 class action, filed a judicial review contesting its share of the settlement.
• Eligible claimants could receive between £45 and £70 each depending on how many people file and the outcome of Innsworth’s challenge.
• The Competition Appeal Tribunal granted final approval for the deal in May, but the planned portal at MastercardConsumerClaim.co.uk remains on hold until legal issues are settled.
• Consumers do not need to have held a Mastercard to apply and must have lived in the UK for specified periods while making purchases at Mastercard-accepting businesses.