Visa, MasterCard sued over price fixing

ATM groups seek class action status against card issuers

Good news for everyone annoyed by those niggling automated teller machine (ATM) access fees—a group of independent ATM operators and the National ATM Council are now carrying a torch for you.

Disgruntled ATM operators filed a suit yesterday in the U.S. District Court for the District of Columbia alleging that Visa and MasterCard network rules prohibit ATM operators from offering lower prices for transactions over PIN-debit networks not affiliated with the card issuers. The lawsuit charges the companies with restraint of trade and seeks class action status.

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