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Sure, here is a more detailed paraphrasing of the text:Cash App customers may be eligible to claim more than **$2,500** each as part of a **$15 million** class-action settlement for data and security breaches at the mobile payment service.
People whose accounts were accessed without their authorization or who had fraudulent withdrawals or transfers can file claims, provided they had or currently have an account between **August 23, 2018, and August 20, 2024**, according to the settlement.
The class-action lawsuit pointed to a **2021 incident** that the company disclosed in **2022**, in which a former employee downloaded reports of some U.
S.
users without permission.
It also noted another breach, disclosed in **2023**, where an unauthorized user accessed some Cash App accounts using phone numbers that were linked to them.
Plaintiffs also alleged that Cash App and Block, the app's parent company, failed to install controls to block unauthorized users and mishandled customer complaints about the security breaches and fraudulent transactions.
Cash App and Block have denied any wrongdoing.
However, to settle the litigation, they agreed to pay **$15 million**.
Beyond attorneys' fees and administration costs, that money will go to impacted customers who submit eligible claims.
Customers can file a claim at the settlement website.
You'll either need to enter a notice ID and confirmation code from a mailed or emailed notice, or you can file a claim if you haven't received such a notice.
The settlement website says that each claimant should only submit one claim form.
If you have multiple accounts, you should list your **$Cashtag** identifier—which is the unique username created for each account—and information about your claims on one claim form.
However, people who were impacted by the data and security breaches may submit claims for up to **$2,500** for reimbursement of out-of-pocket losses.
They must have third-party documentation to back up their claim, according to the settlement website.
Customers can also claim for up to three hours of lost time, at a rate of **$25 per hour**, the site added.
Additionally, Cash App users can file a claim to get reimbursed for transaction losses.
Those claims also require submitting documentation such as a copy of a police report.
If there's not enough money in the settlement to pay every approved claim in full, payments will be made on a reduced pro-rata basis.
The settlement website says people who change their mailing address after submitting a claim are responsible for alerting the claims administrator about their new contact information.
To do that, you'll have to call **1-866-615-9740** or send your new address in writing to the claims administrator.
If you want to exclude yourself from the settlement, class members have the option to 'opt-out' before **November 1**.
This allows you to sue or be part of another related lawsuit against the defendants down the road.
You can also object to the settlement agreement by writing to the court before **November 1**.
Finally, you can choose to do nothing.
But if you opt for no action, you will not get any payments and potentially also give up the right to pursue another lawsuit with claims covered in the settlement.
Payment apps like Cash App, Zelle, and Venmo can be convenient and safe, but they are also frequent targets of scammers and fraudsters.
The American Bankers Association and others caution users about using them.
Scammers sometimes pretend to be someone you know and say they need money for an emergency, or claim to want to send you a prize or payment, as long as you send them money first, according to the Federal Trade Commission.
Once you send someone money through a payment app, it's almost impossible to get the funds back, the ABA cautions.
It's safest to confirm that you know to whom you're sending money and avoid clicking on any links in unexpected emails, texts, or message requests.
A final approval hearing will be held on **December 16 at 9:30 a.
m.
Pacific time** via teleconference, according to the settlement website.
The court will hear objections, determine the fairness of the settlement, and decide whether to approve the fees and expenses requested by the attorneys, among other issues.
Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance.
She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports.