Visa and Mastercard Agree to Pay $167.5M in ATM Fee Lawsuit Settlement

Visa and Mastercard have agreed to pay a combined $167.5m to settle a class action lawsuit concerning ATM access fees. The proposed settlement will benefit potentially millions of individuals who paid unreimbursed access fees for cash withdrawals at independent ATMs. Visa will 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.