The total value of the settlement will be about .25 billion.
The Access card system from the United Kingdom joined the ICA/Eurocard alliance in 1972.
The lawsuit was filed by the National ATM Council and independent operators of automated teller machines.
More specifically, it is alleged that Master Card's and Visa's network rules prohibit ATM operators from offering lower prices for transactions over PIN-debit networks that are not affiliated with Visa or Master Card.
With the help of New York's Marine Midland Bank (now HSBC Bank USA), these banks joined with the ICA to create "Master Charge: The Interbank Card".
The card was given a significant boost in 1969, when First National City Bank joined, merging its proprietary Everything Card with Master Charge.