Visa, Mastercard to pay $167.5 million in ATM user fee settlement? [CNBC]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: CNBC
Visa and Mastercard have agreed to pay a combined $167.5 million to settle a class action lawsuit accusing them of conspiring to keep ATM access fees artificially high. The proposed settlement was filed on Thursday in the federal district court in Washington and requires a judge's approval. The accord would pay potentially millions of ATM users who were charged an unreimbursed access fee to withdraw cash from independent, non-bank ATMs. Visa would contribute about $88.8 million and Mastercard about $78.7 million to a settlement fund. The money would be distributed to eligible customers with qualifying ATM transactions made since October 2007. Visa and Mastercard and lead attorneys for the consumers did not immediately respond to requests for comment. The lawsuit, one of three related cases in the D.C. federal court, was filed in 2011. Consumers challenged industry rules by Visa and Mastercard that allegedly blocked independent ATM operators from offering lower prices. Vis
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News
- Visa, Mastercard make a global push for mobile wallets [Yahoo! Finance]Yahoo! Finance
- Visa, Mastercard to pay US$167.5 million in ATM user fee settlement [BNN Bloomberg (Canada)]BNN Bloomberg
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- Interchecks, Mastercard to progress account-to-account payments [Yahoo! Finance]Yahoo! Finance
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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