DOJ probing Visa on U.S. debit card practices, competition
Yahoo! Finance
The probe, which began in early 2021, followed reports the United States was investigating whether the credit card company uses anticompetitive practices in the debit card market. The Justice Department has previously investigated the credit card payments industry but settled with Visa and Mastercard Inc in 2010 when they agreed to allow merchants to offer consumers incentives to use a low-cost credit card. Visa's regulatory filing late on Friday also said that the European Commission had info...
Continue Reading