Cash Settlement Opportunity for OFIC Member Campuses

Visa/Mastercard Interchange Class Action Settlement Reached

Visa, Mastercard, and certain defendant banks have officially reached a settlement on interchange fees. The claims process is open, but you must submit a claim to the Settlement Administrator or have a claim submitted on your behalf to be eligible to receive any cash from this Settlement by Tuesday, February 4, 2025.

We’re happy to introduce a trusted partner to help with the claims process – introducing MCAG.

Register by

February 4, 2025

Don’t miss the opportunity to receive funds for your campus!

The Ohio Foundation of Independent Colleges, through its membership in The Coalition for College Cost Savings, is highlighting MCAG, a class action settlement expert, to assist our members with recovering any cash potentially due from this settlement which covers transactions from 2004 into 2019. Learn more about the opportunity.

Claim forms are available, and you can engage MCAG now to ensure that a proper and timely claim is filed on your behalf. Simply fill out the registration form by Tuesday, February 4, 2025, the MCAG team will be in touch to begin the claims process.

Why Partner with MCAG?

  • Limit your administrative burden – no need to gather, analyze, or submit claim forms.

  • No data searching required – MCAG handles it all, no data is required from your campus.

  • Eliminate tracking deadlines – MCAG ensures timely filing.

  • Ensure claim form compliance – MCAG's processes are verified and proven.

  • Enjoy recovery optimization managed by a seasoned industry expert.

FAQs

  • Register to begin the simple process of discovering if your campus has a claim.

  • Your campus CFO or Controller should complete the registration process. All that is required is Contact Information, Business Information, TIN/EIN.

  • No upfront fees, MCAG charges an all-inclusive contingent fee of 20% of any recoveries you receive. OFIC does not receive any compensation.

  • Deadline extended to Tuesday, February 4, 2025.

 
 

Payment Card Settlement Disclaimer: Claim forms will begin to be delivered and available online in December. No-cost assistance is available from the Class Administrator and Class Counsel during the claims-filing period. No one is required to sign up with any third-party service in order to participate in any monetary relief. For additional information regarding the status of the litigation, interested persons may visit https://www.paymentcardsettlement.com, the Court-approved website for this case.