The Justice Department (DOJ) on Tuesday filed a lawsuit against Visa, alleging that the company maintained an illegal monopoly over the U.S. debit card market. According to the DOJ's complaint, more ...
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 ...
Prosecutors say Visa used threats, incentives to thwart competition in debit processing Visa says it will fight the claims, which it calls meritless Justice Department officials said Visa's conduct ...
The U.S. Department of Justice's lawsuit against Visa goes deeper than other government attempts to curtail credit card policies, creating a potential outcome that could affect hundreds of mobile ...
The U.S. Justice Department has sued Visa—again—this time over its debit network practices. The case is far from cut-and-dried. The global financial ecosystem has become incredibly interconnected with ...
The Justice Department sued financial services giant Visa for allegedly violating antitrust laws in its debit card business, which accounts for an estimated 60% of all debit transactions in the ...
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 ...
Visa aims to bridge gaps between in-person and digital payments with a range of new consumer card enhancements available to issuers in various global markets. Visa today announced new digital ...