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.

BING NEWS:
  • Visa's Growth Unshaken By Regulatory Risks
    Visa's Q4 performance shows strong growth in payments volume and value-added services, but faces regulatory challenges over market dominance.
    11/3/2024 - 4:39 am | View Link
  • Visa slams DOJ on antitrust allegations
    The credit card processing company posted a strong end of its fiscal year, but many headwinds loom over its fiscal 2025.
    10/29/2024 - 12:15 pm | View Link
  • DOJ Sues Visa for Alleged Debit Card Monopoly
    The justice department is suing Visa for allegedly monopolizing the debit card market. The DOJ claims the company forces businesses to use its network.
    10/29/2024 - 5:33 am | View Link
  • V INVESTOR NEWS: Visa Inc. Investors that Suffered Losses are Encouraged to Contact Rosen Law about Ongoing Investigation into the Company
    the United States Department of Justice issued a release entitled "Justice Department Sues Visa for Monopolizing Debit Markets." In this release, the DOJ announced that it had "filed a civil antitrust ...
    10/26/2024 - 2:09 pm | View Link
  • DOJ sues Virginia to prevent it from cancelling voter registrations | The Excerpt
    On Wednesday's episode of The Excerpt podcast: USA TODAY Justice Department Correspondent Bart Jansen discusses the DOJ lawsuit after Virginia Gov. Glenn Youngkin said he's he's purging voting ...
    10/16/2024 - 3:29 am | View Link
  • More

 

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