The world’s largest payment systems Visa and MasterCard agreed to pay $ 197.5 million to resolve a collective lawsuit, within which companies were accused of high commissions when withdrawing cash from ATMs.
From this amount, Visa will give $ 104.7 million, MasterCard – $ 92.8 million.
Compensation applies to card holders who cashed the funds after 2007.
According to the claim, the rules of the network of ATMs Visa and MasterCard forced them to pay artificially overstated amounts for access to services.