The Justice Department’s antitrust division has sued the payments giant in Manhattan federal court over competition concerns.
There are more potential alternatives to Visa’s debit network in the event the company is penalized by the Justice Department ...
Visa, the global payment network that facilitates credit and debit transactions, could be named in a federal antitrust ...
"Anyone who has bought something online, or checked out at a store, knows there is an ever-expanding universe of companies ...
The agency plans to argue that the company illegally penalizes customers that try to use rival payment processors.
The US Justice Department went after Visa (V) on Tuesday in a federal antitrust lawsuit alleging that the company illegally used the scale of its vast card processing network to block competition.
It’s been reported that Paul Pelosi, husband of former House Speaker Nancy, recently sold a sizable amount of Visa stock.
Transaction fees on debit card purchases are out of control. The Biden administration’s antitrust cops are on the case.
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