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California court denies motion to dismiss ATM interchange case
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.
Banking Executive SummaryTrends / StatisticsTransaction ProcessingRegulation / LegislationEFT NetworksOtherNorth AmericaPublic CompaniesBank / Credit Union
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