DOJ Files Antitrust Suit Against Visa Alleging It Thwarts Payment-Processing Rivals
Visa handles more than 60% of debit card transactions in the U.S., and collects more than $7 billion in annual processing fees, a lucrative business the company protects through illegal, anticompetitive practices, the Department of Justice alleges.
September 24, 2024 at 03:14 PM
3 minute read
AntitrustThe U.S. Department of Justice on Tuesday sued the worldwide digital payments behemoth Visa, alleging that the company has created illegal monopolies.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllGoogle Fails to Secure Long-Term Stay of Order Requiring It to Open App Store to Rivals
'Rocket Docket': EDVA Judge Controls Google's Fate in Ad Tech Monopoly Trial
4 minute read'The Book Is Not Worth the Candle': T-Mobile's In-House Counsel Not Subject to Discovery Demands in Merger Dispute
4 minute readJudge Opens Google App Store to Rivals for 3 Years, Punishing Tech Giant for Abusing Market Power
Trending Stories
- 1The Law Firm Disrupted: Playing the Talent Game to Win
- 2A&O Shearman Adopts 3-Level Lockstep Pay Model Amid Shift to All-Equity Partnership
- 3Preparing Your Law Firm for 2025: Smart Ways to Embrace AI & Other Technologies
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5A RICO Surge Is Underway: Here's How the Allstate Push Might Play Out
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250