The DOJ’s Visa Allegations Are The Undoing Of Its Antitrust Case
To which some will reply that the DOJ’s lawsuit isn’t about competition in the credit card space, rather it’s about Visa’s alleged abuse of its supposedly “dominant” position in the debit card market. True enough, yet it speaks to the relevancy of “We don’t take American Express.”
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.
Visa monopolizes debit cards, hurting consumers and businesses, Justice Department alleges
Visa exploits its market dominance to stifle competition, costing consumers and merchants billions in extra fees, feds allege.
Department of Justice Sues Visa, Alleges the Card Issuer Monopolizes Debit Card Markets
The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses its size and dominance to stifle competition in the debit card market
The Justice Department is Suing Visa for Allegedly Monopolizing Debit Networks
Visa has dominated the debit and credit card network space for years. The Justice Department is scrutinizing its practices.
US accuses Visa of monopolizing debit card swipes
"Visa's unlawful conduct affects not just the price of one thing, but the price of nearly everything," Attorney General Merrick Garland said.
Justice Department sues Visa for monopolizing debit card market
The U.S. Justice Department is suing Visa for monopolizing the debit card market while "charging significant fees and stifling competition."
Justice Department accuses Visa of monopolizing debit card transactions
The Justice Department sued Visa, saying the debit card giant illegally monopolizes payment transactions and has unfairly deterred competition, costing consumers billions of dollars. A Visa spokesperson called the suit meritless.
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