The US Department of Justice is targeting Visa under antitrust law

The US Department of Justice (DOJ) is investigating payment giant Visa over allegations that its practices are anti-competitive.

80% of adults in the US have a debit card

The department is investigating whether Visa is abusing its position in the debit card market and restricting merchants’ ability to route transactions over lower-cost networks.

“The US Department of Justice has informed Visa of its plans to initiate an investigation into US Visa debiting practices,” writes Visa in a …

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