Federal antitrust enforcers are accusing Visa of using its market dominance in payments to stifle competition in the debit card market, raising costs for consumers and businesses. The U.S. Department ...
The financial giant, which processes the majority of debit card spending in the United States, unfairly imposed fees on merchants and deterred rivals, the Justice Department said. By Lauren Hirsch and ...
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Americans currently use debit cards and credit cards for nearly 82% of their payments and purchases, almost double the share as recently as 2003. In 2022, they used debit cards 98 billion times for ...