US Sues Visa for Monopolizing Debit Card Transactions in Antitrust Case

US Sues Visa for Monopolizing Debit Card Transactions in Antitrust Case

The U.S. Department of Justice (DOJ) has filed an antitrust lawsuit against Visa Inc. (V.N), accusing the global payment giant of monopolizing the debit card market by suppressing competition through high fees and strategic payoffs to potential rivals. Visa, which handles over 60% of U.S. debit card transactions, generates approximately $7 billion annually from fees charged when transactions are routed through its network, according to the DOJ. ...

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