$167.5M Visa and Mastercard settlement announced for non-bank ATM fee lawsuit
Visa (V) and Mastercard (MA) have agreed to a $167.5 million class-action settlement over allegations that they violated antitrust laws by restricting independent ATMs from lowering withdrawal fees, leading to higher consumer costs. The suit claims this created an industry-wide price-fixing scheme across non-bank ATMs between 2007 and 2026. Eligible consumers are those who paid unreimbursed ATM access fees at locations like convenience stores or gas stations during the specified period using a PIN-linked debit card. The settlement includes $88.8 million from Visa and $78.7 million from Mastercard, with payments distributed after legal costs. Claims must be submitted by February 10, 2027. The final court approval is scheduled for February 17, 2027, while individuals can opt out or object to the settlement before December 11, 2026.
Tickers: $MA
Topics: antitrust ATM fees Mastercard Visa