Pendum

Round one goes to the Big Guys: A judge for the U.S. District Court in Washington yesterday threw out National ATM Council v. Visa Inc., as well as related suits. All suits had accused Visa and MasterCard of collusion in setting a minimum for fees that independent providers apply to ATM transactions.

In a 39-page opinion, Judge Amy Berman Jackson said that the plaintiffs had failed to provide information to justify their arguments, according to a Reuters report at Bloomberg News.

"Plaintiffs have not set forth sufficient facts to support their claim that there was a horizontal conspiracy," she wrote. "Notably absent from each of the complaints are facts showing the existence of an agreement, the essential element of any conspiracy."

Jackson said there were no facts in the complaints that supported a conclusion that prices would be lower if the restrictions at issue were lifted.

"What is missing is any discussion of what the ATM operator's costs are, and whether they change if the operator uses a Visa or MasterCard network or an alternative network," Jackson said. "Those facts are fundamental, and without them, there is no basis for the conclusions" that the access fees are "inflated" or "supra-competitive."

Read more about transaction processing.

Related Content

User Comments – Give us your opinion!
Products & Services

Network & Asset Management

http://global.networldalliance.com/new/images/products/Phoenix_NAM.jpg

809/Network-Asset-Management

Fire Safety

http://global.networldalliance.com/new/images/products/6057.png

6057/Fire-Safety

CUSTOM's TG2460II - Small Ticket Dispenser

http://global.networldalliance.com/new/images/products/TG2460II_100px.jpg

1236/CUSTOM-s-TG2460II-Small-Ticket-Dispenser

Free Webinar

http://global.networldalliance.com/new/images/products/4079.png

4079/Free-Webinar

KingTeller- A4(08) Lobby Cash Dispenser ATM

http://global.networldalliance.com/new/images/products/1145.png

1145/KingTeller-A4-08-Lobby-Cash-Dispenser-ATM

CX3 ATM

http://global.networldalliance.com/new/images/products/Itautec_IW1631.gif

731/CX3-ATM

FINsim ATM

http://global.networldalliance.com/new/images/products/6485.png

6485/FINsim-ATM

EMV Kernel Certification for Self-Service Applications

http://global.networldalliance.com/new/images/products/LogoKERNEL.gif

690/EMV-Kernel-Certification-for-Self-Service-Applications

ATM Compliance & Performance Solutions

http://global.networldalliance.com/new/images/products/4467.png

4467/ATM-Compliance-Performance-Solutions

High Quality ATM

http://global.networldalliance.com/new/images/products/4148.png

4148/High-Quality-ATM

NCR
Media Kit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.