Heartland/Visa Settlement Raises Questions on the timing of the settlement, its requirements and the short window to participate. Visa says it will be sending out by email information to the affected institutions on the “Alternative Recovery Offer” on Jan. 14. The deadline for institutions to have their paperwork in as proof they will participate is Jan. 29. The judge has not ruled on the class action suit yet, which may be why Heartland has pushed this offer out to institutions, with Visa’s blessings and participation, to enlist as many institutions as possible.”]
Source: https://www.bankinfosecurity.com/blogs/heartlandvisa-settlement-raises-questions-p-413