The department alleges that Visa has monopolized the debit card market, forcing out competition to maintain its 60% share in the U.S. In reaction to this news, Visa stock initially slipped ...

DOJ has now turned its attention outside of technology markets by filing suit against Visa for its dominance of the debit card transaction market ... that Visa has monopoly power over debit ...

The agreements penalize merchants who allow payments from other debit card networks, thereby insulating Visa from the competition and maintaining its 60% U.S. market share. Second, the lawsuit ...

In September, federal prosecutors sued Visa, saying it established a monopoly in the U.S. debit card market, which has ...

The credit card processing company posted a strong end of its fiscal year, but many headwinds loom over its fiscal 2025.

Visa's use of "generous monetary incentives and threatening punitive additional fees" enable the company to maintain an illegal monopoly in the debit card processing market, prosecutors said.

Eager to be seen as taking action against the high prices it has helped bring on, the Biden-Harris administration is now ...