Visa sued by Justice Dept., accused of debit card monopoly
NEW YORK (AP) — 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.
The complaint says Visa penalizes merchants and banks who don’t use Visa’s payment processing technology to process debit ...
Credit card processing companies allow businesses to make credit and debit card transactions for their sales. All the customer has to do is swipe a card and sign a receipt before the ...
The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses ...
The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses ...
The imposed a “web of exclusionary agreements” that penalize merchants who use alternative payment processors, the Justice ...
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