Visa Inc. (V) and Mastercard to Pay $167.5m to Settle Lawsuit Over ATM Fees
Visa and Mastercard will pay $167.5 million to settle a lawsuit alleging inflated ATM fees, pending judicial approval.Summary
Visa Inc. (NYSE:V) and Mastercard have agreed to a $167.5 million settlement to resolve a class-action lawsuit claiming they conspired to maintain artificially high ATM access fees. The proposed settlement, submitted to a federal district court in Washington, requires judicial approval. Visa will contribute approximately $88.8 million, and Mastercard $78.7 million, to a fund for consumers who incurred unreimbursed fees at non-bank ATMs since October 2007. The lawsuit, originally filed in 2011, challenged regulations believed to suppress lower ATM fees; however, both companies deny any wrongdoing.
In a separate development, Visa Inc. (NYSE:V) has partnered with Orange Money Group to enhance online payments and financial service access in the Middle East and Africa, building on existing deployments in markets like Guinea, Burkina Faso, and the Democratic Republic of the Congo. This alliance aims to provide consumers with secure and globally accepted payment options.
As of December 22, 2025, Visa Inc. (NYSE:V) shares have increased by 11.08% year-to-date. Despite acknowledging Visa’s investment potential, the article suggests that certain AI stocks may offer greater returns in a shorter timeframe.
(Source：Insider Trading)