Visa Monopoly News: US Government Sues Visa Over Alleged Debit Card Monopoly

Wikikiki.com 20240925 141149 00001

The US Department of Justice filed a lawsuit on Tuesday, accusing Visa of unlawfully monopolizing the debit card processing market. The DOJ alleges that Visa has used its position in the market for over a decade to stifle competition, prevent the entry of new payment processors and force businesses to rely on Visa’s network.