Mastercard could be forced to pay Brits £300 each after class action lawsuit gets green light
The claim does not include those who are now deceased or compound interest, which Mastercard says reduces the claim to around £10billion.
"The decision today reduces the value of this spurious claim by more than 35%. Mastercard is confident that over the coming months a review of key facts will further significantly reduce the size and viability of the claim." If Mr Merricks ultimately wins, everyone who made a transaction at a retailer that accepted Mastercard payments during this time frame could be entitled to a payout unless they explicitly refuse it.
The CAT's decision yesterday means the case will now be heard in court at full trial, which will determine if Brits are due compensation.
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