U.S. Supreme Court allows ATM fees lawsuits to proceed

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The appeals court ruled that a district court had erred when it concluded that consumers had no legal standing to sue and had not adequately alleged antitrust violations. It remanded the three consolidated lawsuits to the district court for further proceedings.

The lawsuits accused Visa and MasterCard of adopting rules protecting themselves from competition with lower-cost ATM networks. The rules blocked ATM operators from charging less when ATM transactions were processed by networks competing with Visa and Mastercard, the lawsuits said.