Customers of the mobile payment service Cash App may be eligible to receive more than $2,500 apiece as part of a $15 million class-action settlement for data and security breaches at the company.
According to the settlement website, anyone who had or currently has an account between August 23, 2018, and August 20, 2024 and whose accounts were accessed without their consent or who had fraudulent withdrawals or transfers can register claims.
The lawsuits filed by consumers alleging Cash App was negligent in 2022 and 2023 when an unauthorized user accessed accounts and a former employee accessed account data without authorization gave rise to the settlement.
The plaintiffs further claimed that the parent firm of the software, Cash software and ban, mismanaged consumer concerns regarding security breaches and fraudulent transactions and that the corporation neglected to implement safeguards to ban unauthorized users.
As per the settlement site, Cash App and Block refute any form of culpability or misconduct.
How a Cash App claim is submitted?
Clients can use this website to submit a claim. If you haven’t gotten a mailed or email notice, you can file a claim. If you have, you will need to enter a notice ID and confirmation code.
Clients may submit a claim under the settlement until November 18.
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How much money is included in the settlement for customers?
The sum is still unknown because it depends on the number of claims that are submitted.
However, anybody affected by the data and security breaches can file claims to get up to $2,500 in compensation for losses they incurred out of pocket. The settlement page states that they need to provide documents from a third party to support their claims.
Additionally, the website stated that customers may file claims for up to three hours of missed time at a cost of $25 per hour.
Users of the Cash App can also submit a claim to be compensated for transaction losses. Documentation supporting those claims, such as a copy of a police report, must also be submitted.
