US sues Visa for monopoly on debitcard use affecting ‘price of nearly everything’
Sep 24, 2024
Government claims firm stifles competition by threatening merchants with high fees and pays off potential rivalsThe US Department of Justice has sued Visa, accusing one of the world’s largest payment networks of antitrust violations that affect “the price of nearly everything”.The financial giant has suppressed competition by threatening merchants with high fees and paying off potential rivals, according to the complaint, filed in US district court for the southern district of New York. Continue reading...