Comment on DOJ sues Visa for allegedly monopolizing debit card markets

DOJ sues Visa for allegedly monopolizing debit card markets

The complaint says Visa penalizes merchants and banks who don’t use its own payment-processing tech to process debit transactions. The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses its size and dominance to stifle competition in the debit card market, costing consumers and businesses billions of dollars.

 

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