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Green Dot, MasterCard Get Initial Nod For Debit Glitch Deal

Law360, New York (June 13, 2017, 2:34 PM EDT) -- A California federal judge has given preliminary approval to an $8.1 million settlement that Green Dot Corp. and MasterCard Inc. reached with a class of Walmart MoneyCard holders over a three-day disruption in service that cut off access to consumers’ funds.

U.S. District Judge Fernando M. Olguin on Monday gave his initial nod to the deal in which the companies will reimburse customers with cash and benefits to make up for anything they lost when they couldn’t use the money stored in their prepaid debit accounts during a service outage that cut most customers off for about 24 hours. The payments...

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California Central

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Contract: Other

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Date Filed

May 22, 2016

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