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Visa Sued by US in Antitrust Case Over Debit Card Markets
Posted
September 25, 2024
Views
4,431
Likes
140
Comments
20
Engagement
3.61%
September 25, 2024
4,431
140
20
3.61%
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1:01Now PlayingThe US Justice Department sued #Visa Inc., alleging the global payments giant illegally monopolized the #debit card market, in the #Biden administration’s first major #antitrust case in the #financial services industry.
Antitrust enforcers alleged in a complaint filed in #Manhattan federal court Tuesday that Visa, which handles more than 60% of the more than $4 trillion in US debit transactions each year, entered into a series of agreements penalizing merchants who sought to use alternatives and paid potential rivals to stay out of the market.
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