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Justice Department Accuses Visa of A Debit Card Monopoly
Visa monopolizes debit cards, hurting consumers and businesses, Justice Department says
Visa exploits its market dominance to stifle competition, costing consumers and merchants billions in extra fees, feds allege.
U.S. Accuses Visa of Monopoly in Debit Cards
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.
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.
Digital Transactions
44m
Combatants Take Up their Positions In Reaction to the DoJ’s Antitrust Suit Against Visa
Durbin and Marshall further used the announcement of the suit as an opportunity to urge passage of their Credit Card ...
CNBC
1d
Best Visa credit cards of October 2024
Today,
Visa
provides the infrastructure to process transactions between merchants and
card
issuers and backs credit
cards
from dozens of issuers, notably Bank of America, Capital One and Chase.
21h
Feds sues Visa, saying company is driving up card costs for businesses, consumers
The complaint says Visa penalizes merchants and banks who don’t use Visa’s payment processing technology to process debit ...
23h
69 best e-gift cards to make sure they get what they really want for Christmas
Give a sweet gift to your loved one with a Milk Bar gift card. They can choose from cakes, cookies, pies and more. Another ...
22h
on MSN
Visa accused of violating antitrust law with payment processing deals
The imposed a “web of exclusionary agreements” that penalize merchants who use alternative payment processors, the Justice ...
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