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.
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 accuses Visa of debit monopoly that affects price of 'nearly everything'
The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly over debit payments by imposing “exclusionary” agreements on partners and smothering upstart firms.
US Justice Department accuses Visa of illegal monopoly that adds to the price of ‘nearly everything’
The US Justice Department filed a lawsuit Tuesday accusing Visa of illegally monopolizing the debit card market.
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.
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.
Justice Department Sues Visa, Alleges Illegal Monopoly in Debit-Card Payments
The largest card network in the U.S. blocked rivals through payments and higher fees levied on merchants, the government said.
Visa to Face Antitrust Suit Over Debit Card Market Monopoly
This move follows Discover Financial Services' unit, Pulse Network, settling a lawsuit in Texas earlier this year, which accused Visa of obstructing competition in the multibillion-dollar debit card network services market, causing merchants to pay higher fees.
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 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.
US DOJ to sue Visa over debit card market monopoly, Bloomberg News reports
The U.S. Department of Justice plans to file a lawsuit against Visa , the world's largest payments network operator, alleging that the company illegally monopolized the country's debit card market, Bloomberg News reported on Monday.
DOJ: Visa debit monopoly impacts price of ‘nearly everything’
The Justice Department accused Visa of having an illegal monopoly over debit payments in a new lawsuit. The company, which ...
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