ATM Fee Collusion Lawsuit Dismissed

What's Next In Payments®
4:41 PM EDT February 14th, 2013

U.S. District Judge Amy Berman has dismissed an antitrust lawsuit alleging that several major U.S. financial institutions conspired to fix ATM fees, reports Reuters.

Visa, MasterCard, JPMorgan Chase, Bank of America and Wells Fargo were accused of colluding in three lawsuits in which individual consumers, 13 ATM operators and the National ATM Council served as plaintiffs.

“Notwithstanding plaintiffs’ adamant insistence that consumers are being overcharged, the court simply could not find facts to support that contention,” Jackson wrote as part of her dismissal.

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
News
Another Major Retailer Breached
News
Bitcoin Processor Takes In Big VC Cash
News
Feds Uncover More Details In Chase Breach
Mobile
You Never Know What You’ll Find On The Internet (Hint Stolen Target Card Data)
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
News
Another Major Retailer Breached
Apple Pay Tracker
Will Apple Pay Prove To Be Payments’ Model T? Or An Edsel?
News
Bitcoin Processor Takes In Big VC Cash
News
Feds Uncover More Details In Chase Breach
View All Articles ››