Inc · 8d
Visa to Face Antitrust Suit Over Debit Card Market Monopoly
This move follows Discover Financial Services' unit, Pulse Network, settling a lawsuit in Texas earlier this year, which accused Visa of obstructing competition in the multibillion-dollar debit card network services market, causing merchants to pay higher fees.
Reuters · 8d
US DOJ to sue Visa over debit card market monopoly, Bloomberg News reports
The U.S. Department of Justice plans to file a lawsuit against Visa , the world's largest payments network operator, alleging that the company illegally monopolized the country's debit card market, Bloomberg News reported on Monday.
Yahoo · 8d
DOJ files lawsuit against Visa, alleging illegal monopoly over debit cards
The U.S. Department of Justice has filed a lawsuit against Visa, alleging the company maintains an illegal monopoly over debit cards, while Senators Durbin and Marshall have introduced a bipartisan bill to address Visa and Mastercard's near duopoly over the credit card market.
New York Daily News · 8d
DOJ: Visa debit monopoly impacts price of ‘nearly everything’
The Justice Department accused Visa of having an illegal monopoly over debit payments in a new lawsuit. The company, which operates the biggest payments network in the world, uses “exclusionary” agreements to smother smaller companies, the department said.
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