The National ATM Council and assorted independent ATM deployers have filed an anti-trust suit against Visa and MasterCard.
The suit alleges that Visa and MasterCard have unlawfully restrained trade by setting ATM fees that must be the same across any and all ATM networks.
In their complaint, the deployers argued this was partly a hold-over from the days when the two brands were associations of financial institutions and there were few, if any, ATMs deployed by non-financial institutions.
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