California court denies motion to dismiss ATM interchange case

California court denies motion to dismiss ATM interchange case
Tags: Bank / Credit Union, EFT Networks, North America, Other, Public Companies, Regulatory Issues, Transaction Processing, Trends / Statistics
December 17, 2006

The Antitrust Monitor: A judge in the U.S. District Court for the Northern District of California has issued an interesting decision in a class action suit that accuses First Data Corp.'s Star Network and several member banks of conspiring to set the interchange fees.

Plaintiffs won a preliminary skirmish, convincing Judge Vaughn R. Walker to deny the defendants' motion to dismiss the case.