Visa, Mastercard agree to pay combined $167.5m in ATM fee lawsuit [Yahoo! Finance]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Yahoo! Finance
The proposed settlement was submitted to a federal court in Washington, US, and awaits judicial approval, reported Reuters. The settlement is intended to benefit potentially millions of individuals who paid unreimbursed access fees for cash withdrawals at independent, non-bank automated teller machines (ATMs). Visa is set to provide around $88.8m, while Mastercard will contribute nearly $78.7m to a fund that will be distributed to eligible users with qualifying ATM transactions dating back to October 2007. According to Reuters, neither the payment firms nor the lead attorneys for consumers provided immediate comment to requests for comment. The case, filed in 2011, is said to be one of three related lawsuits in the D.C. federal court. According to Reuters, consumers challenged Visa and Mastercard's industry rules, which allegedly prevented independent ATM operators from offering lower prices. Both firms have denied any wrongdoing, Reuters reported. In 2024, the two firm
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News
- Bitget Teams up With UNICEF for Digital Education, CMO Visits Cambodia [Yahoo! Finance]Yahoo! Finance
- Why The Narrative Around Mastercard Is Shifting After Analyst Upgrades And New Growth Drivers [Yahoo! Finance]Yahoo! Finance
- Visa, Mastercard make a global push for mobile wallets [Yahoo! Finance]Yahoo! Finance
- Visa, Mastercard to pay $167.5 million in ATM user fee settlement? [CNBC]CNBC
- Visa, Mastercard to pay US$167.5 million in ATM user fee settlement [BNN Bloomberg (Canada)]BNN Bloomberg
MA
Earnings
- 10/30/25 - Beat
MA
Sec Filings
- 12/8/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 3
- MA's page on the SEC website