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Visa, DOJ and debit card
The DOJ sues Visa for locking out rival payment platforms
According to the complaint, Visa entered into paid agreements with potential competitors as part of an effort to fend off competition from newer entrants into the payment processing industry. These practices have allowed Visa to build an “enormous moat” around its business, the complaint alleges.
DOJ sues Visa over debit card market monopoly
The Justice Department filed a lawsuit against Visa on Tuesday, alleging the financial services giant used its clout to maintain a monopoly over the U.S. debit card market.
DOJ Readies Major Antitrust Case Against Visa's Debit Empire
Visa shares fell as much as 1.95 percent in post-market trading after news broke of the Justice Department's impending antitrust lawsuit.
American Banker
2d
DOJ's Visa debit suit threatens to upend revenue models
Interchange fees and financial incentives for merchants, banks and mobile wallets could come under pressure if the government ...
2d
Visa Hires Antitrust Heavyweights to Carry Out DOJ-Misunderstands-the-Market Defense
"Anyone who has bought something online, or checked out at a store, knows there is an ever-expanding universe of companies ...
1d
Visa’s Resilience Amid DoJ Lawsuit: A Strong Buy Rating
Macquarie analyst Paul Golding has maintained their bullish stance on V stock, giving a Buy rating today. Paul Golding’s rating is based ...
American Banker
2d
How a DOJ suit against Visa is a lifeline for bank tech sellers
If the government forces the card giant to reduce control over security gateways, firms that sell debit processing and ...
4d
This Is How Visa Raises ‘The Price of Nearly Everything,’ DOJ Says
Slapped with a lawsuit. The post This Is How Visa Raises ‘The Price of Nearly Everything,’ DOJ Says appeared first on ...
3d
on MSN
Nancy Pelosi's husband sold more than $500K in Visa stock ahead of DOJ action
Paul Pelosi, the husband of former House Speaker and current California Rep. Nancy Pelosi, sold 2,000 shares of Visa a few ...
4d
Visa Stock Slips as DOJ Suit Says Its Contracts 'Stifle Innovation'
Visa shares fell Tuesday as the U.S. Department of Justice filed an antitrust lawsuit against the payment processor.
4d
DOJ accuses Visa of debit monopoly, Floridians evacuate ahead of possibly major hurricane, Lady Gaga announces surprise album
After hearing that 8-year-old transplant patient Emerson Bayse loved pickles, Sarah Bryce, a chef at the Boston Children’s ...
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