US Department of Justice sues Visa for monopoly on debit-card use
According to the lawsuit, filed in a federal court in New York, the company's practices have resulted in billions of dollars in additional fees for American consumers and businesses while slowing innovation in the debit payments ecosystem.
The U.S. Justice Department is suing Visa for monopolizing the debit card market while "charging significant fees and ...
The agency plans to argue that the company illegally penalizes customers that try to use rival payment processors.
Transaction fees on debit card purchases are out of control. The Biden administration’s antitrust cops are on the case.
The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses ...
The financial giant, which processes the majority of debit card spending in the United States, unfairly imposed fees on ...
The complaint says Visa penalizes merchants and banks who don’t use Visa’s payment processing technology to process debit ...
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