Visa And Mastercard Pay 167 Million For ATM Access Restrictions

Visa and Mastercard agreed to a $167.5M settlement for a lawsuit alleging their rules kept ATM fees high. Eligible claimants are those who paid ATM fees at independent ATMs in the U.S. between 2007 and 2026. The settlement awaits court approval.

Mastercard (MA) began settling SoFi Bank card transactions using SoFiUSD, a stablecoin. SoFi expects the program to handle $25 billion in annualized card volume. Mastercard's stock held flat at $565.21 during the announcement. The stablecoin settlement aims to integrate with everyday payments without requiring merchants to hold tokens or build blockchain systems.

CFTC advanced crypto regulations. SoFi and Mastercard launched stablecoin settlement. New York sued Polymarket over unlicensed gambling. These developments occur amid inflation concerns.

SoFi Bank (SOFI) has begun settling transactions across the Mastercard network using its stablecoin, SoFiUSD. The bank claims to be the first national bank to do so, with an estimated $25 billion in annualized volume. SoFiUSD launched in December 2025 and became available in the SoFi app in May 2026. The partnership with Mastercard was announced in March 2026. Radi El Haj of RS2 notes that this marks a shift from pilot to full-scale stablecoin settlement.

SoFi Technologies and Mastercard launched stablecoin settlement for SoFi Bank's $25bn debit and credit card programme using SoFiUSD. SoFiUSD, the first stablecoin by a nationally chartered bank, is redeemable 1:1 for US dollars. The companies aim to expand stablecoin use for cross-border payments and remittances.

Visa and Mastercard agreed to a $167 million settlement over allegations of improperly restricting ATM access fees, affecting independent ATM operators. The settlement covers withdrawals from late 2007 to mid-2026, with claims due by Feb. 10, 2027. The companies deny wrongdoing but agreed to resolve the litigation.