Visa, Mastercard Lose Bid to Shake Class Status in ATM Fees Case

Visa Inc. and Mastercard Inc. lost an appeal tied to claims they fixed the price of ATM fees after the US Court of Appeals for the District of Columbia Circuit sided with a lower court in its 2021 decision to grant class certification to a group of ATM owners and customers.

“The district court’s legal analysis is brief but materially correct,” the appeals panel said in a Tuesday opinion. “The court’s certification order does not rest on an incorrect legal standard. And we discern no substantive inadequacy or other legal error in the district court’s evidentiary assessment.”

ATM operators sued ...