Visa stock plunges 5% as feds sue over alleged debit card monopoly
Over 60% of the more than $4 trillion in debit transactions in the U.S. every year are routed to Visa’s electronic payments network.
DOJ's Visa antitrust lawsuit alleges debit card company monopoly
The Justice Department is accusing Visa of running a debit card monopoly that has hiked fees for American consumers and businesses.
Visa taps hardened D.C. duo to battle US monopoly lawsuit
Visa has hired a pair of prominent Washington, D.C., antitrust lawyers to help it fight the U.S. Justice Department's new lawsuit accusing the payments giant of monopolizing debit card markets.
The Justice Department is Suing Visa for Allegedly Monopolizing Debit Networks
Visa has dominated the debit and credit card network space for years. The Justice Department is scrutinizing its practices.
Department of Justice sues Visa, alleges the card issuer monopolizes debit card markets
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
US accuses Visa of monopolizing debit card swipes
"Visa's unlawful conduct affects not just the price of one thing, but the price of nearly everything," Attorney General Merrick Garland said.
Justice Department sues Visa for monopolizing debit card market
The U.S. Justice Department is suing Visa for monopolizing the debit card market while "charging significant fees and stifling competition."
Justice Department accuses Visa of monopolizing debit card transactions
The Justice Department sued Visa, saying the debit card giant illegally monopolizes payment transactions and has unfairly deterred competition, costing consumers billions of dollars. A Visa spokesperson called the suit meritless.
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Throw the Book at Visa
Transaction fees on debit card purchases are out of control. The Biden administration’s antitrust cops are on the case.
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Visa Hires Antitrust Heavyweights to Carry Out DOJ-Misunderstands-the-Market Defense
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Some inquiries about Vanilla Visa Gift Card
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US Studying New Visa Restrictions, Oil Sanctions on Venezuela Amid Post-Election Standoff
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Visa Increases AI Fight Against Fraud With Featurespace Purchase
Visa Inc. will acquire real-time artificial intelligence payments protection firm Featurespace Ltd. — marking the credit-card ...