Visa & Mastercard Agree To $197 Million Class Action Settlement Over ATMs

Visa & Mastercard have agreed to pay $197 million to settle a class action lawsuit that alleged that they violated federal antitrust laws by adopting restraints that allegedly inflated the ATM surcharges. Previously Chase, Wells Fargo, Bank of America settled the same class action for $67 million. Visa will pay $104.6 million in the accord, and Mastercard will pay $92.8 million. It’s not possible to currently file a claim, but once it is we will repost.