Credit: Sundry Photography 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
Antitrust
The U.S. Department of Justice on Tuesday sued the worldwide digital payments behemoth Visa, alleging that the company has created illegal monopolies.
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