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Justice Department Sues Visa For Illegal Debit Card Monopoly
DOJ's Visa antitrust lawsuit alleges debit card company monopoly
The Justice Department is accusing Visa of running a debit card monopoly that has hiked fees for American consumers and businesses.
This Week In Credit Card News: Justice Department Sues Visa For Illegal Debit Card Monopoly
U.S. Justice Department Accuses Visa of Illegal Monopoly that Adds to the Price of ‘Nearly Everything’
U.S. Accuses Visa of Monopoly in Debit Cards
The financial giant, which processes the majority of debit card spending in the United States, unfairly imposed fees on merchants and deterred rivals, the Justice Department said.
1d
US considering new visa curbs, oil sanctions on Venezuela amid post-election standoff
The U.S. is closely studying imposing new sanctions on individuals in Venezuela as well as potentially revoking licenses for ...
2d
Visa Increases AI Fight Against Fraud With Featurespace Purchase
Visa Inc. will acquire real-time artificial intelligence payments protection firm Featurespace Ltd. — marking the credit-card ...
4d
Nancy Pelosi’s husband sold more than $500K worth of Visa stock — just weeks before DOJ’s antitrust lawsuit
Visa, the global payment network that facilitates credit and debit transactions, could be named in a federal antitrust ...
2d
on MSN
Visa agrees to buy AI-focused enterprise tech firm Featurespace
Visa has agreed to buy AI-focused Featurespace, which develops enterprise technology preventing fraud and financial crime, ...
American Banker
1d
How a DOJ suit against Visa is a lifeline for bank tech sellers
If the government forces the card giant to reduce control over security gateways, firms that sell debit processing and ...
13h
on MSN
China keeps adding new countries to its visa-free program
Over the last year, China has taken the uncharacteristic step of slackening its rules for foreign visitors. In a pilot ...
2d
Algeria reimposes visa requirements on Moroccan nationals
Algerian authorities resumed visa requirements for Moroccan nationals entering the country on Thursday, state news agency APS ...
American Banker
2d
DOJ's Visa debit suit threatens to upend revenue models
Interchange fees and financial incentives for merchants, banks and mobile wallets could come under pressure if the government ...
Opinion
New Republic
1d
Opinion
Throw the Book at Visa
Transaction fees on debit card purchases are out of control. The Biden administration’s antitrust cops are on the case.
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