ATM ISOs Litigation
Background
Plaintiffs allege that Visa and MasterCard have imposed contractual provisions – the “ATM Access Fee Rules” or “the Rules” – that prevent ATM operators from charging a discounted access fee if a customer’s transaction can be processed over an alternative network that is less expensive than Visa or MasterCard networks, and they allege that those rules unreasonably restrain trade and therefore violate Section 1 of the Sherman Act.
Defendants
Visa Inc.; MasterCard Incorporated
Class Definition
All ATM Operators that originated an Authorized Surcharged ATM Cash Disbursement at a Qualified ATM at any time between October 1, 2007, and the present.
“ATM Operator” is any person or entity that owned, operated, or leased a Qualified ATM that was authorized by a MasterCard Member or Visa Member, or by the agent of such Member, to originate an ATM Cash Disbursement through the connection of the Qualifying ATM to the Visa or MasterCard ATM Networks. ATM Operator includes ATM Independent Sales Organizations (“ISOs”) sponsored by a MasterCard Member of Visa Member and authorized to connect a Qualified ATM to the MasterCard of Visa Networks, together with the affiliates of ATM ISOs authorized by the ATM ISA to connect a Qualified ATM to the MasterCard or Visa ATM Networks. Persons or entities that make space available to ISOs or affiliates of ISOs to operate a Qualified ATM on property they own or control, armored car firms that provide cash replenishment of Qualified ATMs, and Encryption and Support Organizations that manage encryption keys or service Qualified ATMs are not ATM Operators.
THERE HAVE BEEN NO SETTLEMENTS MADE TO DATE
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Disclaimer: Plaintiffs in the Rule 23(b)(3) Class (Money Damages Class) have reached a proposed settlement in this action. Material reflecting this proposed settlement were filed September 18, 2018 with the Court. No claim forms are available at this time, and no claims-filing deadline exists. If the settlement is approved, no-cost assistance will be available from the Class Administrator and Class Counsel during any claims-filing period. No one is required to sign up with any third-party service in order to participate in any settlement. For additional information regarding the status of the litigation, interested persons may visit www.paymentcardsettlement.com, the Court-approved website for this case.