By
updated 10/12/2011 6:49:47 PM ET 2011-10-12T22:49:47

Independent ATM operators are accusing MasterCard and Visa of fixing prices and forcing them to charge consumers set fees.

A lawsuit that the ATM operators filed Wednesday in federal court in Washington, D.C. claims MasterCard and Visa require them to agree to contracts that prevent them from charging less when consumers use cards that can access networks other than MasterCard's and Visa's.

Independent ATM operators' machines are typically found in drug stores and other stand-alone, non-bank locations.

The ATM operators are seeking class-action status for their lawsuit, which lifts the curtain on the complex, behind-the-scenes dealings in how debit card transactions are processed.

Representatives from MasterCard Inc. and Visa Inc. declined to comment.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.97%
$30K home equity loan FICO 5.23%
$75K home equity loan FICO 4.67%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.28%
13.21%
Cash Back Cards 17.74%
17.70%
Rewards Cards 17.01%
16.96%
Source: Bankrate.com