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Visa, Mastercard ATM Access Fee Lawsuits Get Class Certification

Aug. 5, 2021, 4:23 PM

A consolidated case against Visa Inc. and Mastercard Inc. over allegedly excessive ATM access fees will proceed as a class action, after a federal judge in Washington certified three separate classes of plaintiffs.

The three original lawsuits, filed in 2011 before they were consolidated, accuse Visa and Mastercard contractually prevented ATM operators from charging reduced “foreign” ATM fees when using a payment network cheaper than the two credit card giants. Such “foreign” fees apply when customers use an ATM that isn’t affiliated with their bank.

Visa and Mastercard’s contracts, which amount to ATM fee price fixing, are per se antitrust ...