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Economy

Visa, Mastercard agree to pay combined $167.5m in ATM fee lawsuit

Visa, Mastercard agree to pay combined $167.5m in ATM fee lawsuit Visa is set to provide around $88.8m · Electronic Payments GlobalData Mon, December 22, 2025 at 5:12 PM GMT+5:30 2 min read V MA Visa and Mastercard have agreed to a combined payment of $167.5m to resolve a class action lawsuit concerning ATM access fees. 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, Mastercard agree to pay combined $167.5m in ATM fee lawsuit

Credit: Yahoo

Key Highlights

  • 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.
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Sources

  1. Visa, Mastercard agree to pay combined $167.5m in ATM fee lawsuit

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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