US accuses Visa of monopolizing debit card swipes By Jody Godoy Reuters Sep 24, 2024 Sep 24, 2024 SMS Email FILE PHOTO: Visa credit and debit cards are seen in this picture illustration taken August 2, 2022. REUTERS/Benoit Tessier/File Photo Benoit Tessier Benoit Tessier/Reuters SMS Email Print Copy article link Save U.S. Department of Justice on Tuesday sued Visa for alleged antitrust violations. The department claims the payment network suppresses competition by threatening merchants with high fees and a pay-off of potential rivals. × This page requires Javascript. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. kAm':D2 AC@46DD6D >@C6 E92? e_T @7 563:E EC2?D24E:@?D :? E96 &]$][ 3C:?8:?8 :E Sf 3:==:@? 6249 J62C :? 766D 4@==64E65 H96? EC2?D24E:@?D 2C6 C@FE65 @G6C :ED ?6EH@C<[ E96 yFDE:46 s6A2CE>6?E D2:5] %96 4@>A2?J AC@E64ED E92E 5@>:?2?46 E9C@F89 28C66>6?ED H:E9 42C5 :DDF6CD[ >6C492?ED 2?5 4@>A6E:E@CD[ AC@D64FE@CD 2==686]k^AmkAm%96 3:5 E@ E24<=6 E96 766D[ D@>6E:>6D <?@H? 2D 2 DH:A6 766 @C :?E6C492?86 766[ :D A2CE @7 E96 q:56? 25>:?:DEC2E:@?VD :?:E:2E:G6 E@ 4@>32E C:D:?8 4@?DF>6C 6IA6?D6D]k^AmkAmQ':D2VD F?=2H7F= 4@?5F4E 27764ED ?@E ;FDE E96 AC:46 @7 @?6 E9:?8[ 3FE E96 AC:46 @7 ?62C=J 6G6CJE9:?8[Q pEE@C?6J v6?6C2= |6CC:4< v2C=2?5 D2:5[ ?@E:?8 >6C492?ED 2?5 32?<D A2DD A2J>6?E ?6EH@C< 4@DED E@ 4@?DF>6CD]k^AmkAm':D2VD 2==6865 2?E:4@>A6E:E:G6 4@?5F4E 3682? 2C@F?5 a_`a[ 2D 4@>A6E:?8 4@>A2?:6D 6?E6C65 E96 A2J>6?ED DA246 7@==@H:?8 C67@C>D E92E C6BF:C65 42C5 :DDF6CD E@ 244@>>@52E6 F?277:=:2E65 ?6EH@C<D[ 2 D6?:@C yFDE:46 s6A2CE>6?E @77:4:2= D2:5]k^AmkAm':D2 6?E6C65 =F4C2E:G6 28C66>6?ED H:E9 H@F=5\36 7:?2?4:2= E649?@=@8J 4@>A6E:E@CD :?4=F5:?8 pAA=6[ !2J!2= 2?5 q=@4< x?4VD $BF2C6 E92E E96J H@F=5 ?@E C6=62D6 AC@5F4ED E92E E9C62E6?65 :ED 5@>:?2?46[ AC@D64FE@CD 2==6865]k^AmkAm%96 42C5 ?6EH@C< 2=D@ =6G:6D QDE2886C:?8 7:?2?4:2= A6?2=E:6DQ @? >6C492?ED H9@ 5@ ?@E C@FE6 2== @C >@DE 6=:8:3=6 EC2?D24E:@?D E9C@F89 ':D2VD ?6EH@C<[ 244@C5:?8 E@ E96 =2HDF:E]k^AmkAm!C@D64FE@CD D66< 2? @C56C 7C@> 2 ;F586 :? |2?92EE2? 3=@4<:?8 ':D2 7C@> :>A@D:?8 AC:4:?8 DECF4EFC6D E92E 5:D4@FC286 4@>A6E:E:@?[ 2?5 A2J:?8 C:G2=D ?@E E@ 4@>A6E6[ H9:49 E96J D2:5 H@F=5 C6DE@C6 4@>A6E:E:@? 7@C D6CG:46D E@ AC@46DD 563:E A2J>6?ED 3@E9 @?=:?6 2?5 2E A9JD:42= DE@C6D]k^AmkAm%96 yFDE:46 s6A2CE>6?EVD 2?E:ECFDE 5:G:D:@? 3682? :?G6DE:82E:?8 ':D2 @G6C :ED 563:E 42C5 AC24E:46D :? a_a`[ E96 D2>6 J62C :E 3=@4<65 ':D2VD 24BF:D:E:@? @7 7:?2?4:2= E649?@=@8J 4@>A2?J !=2:5] #:G2= |2DE6C42C5 D2:5 :? pAC:= :E H2D 36:?8 :?G6DE:82E65 3J E96 yFDE:46 s6A2CE>6?E 2D H6==]k^AmkAmq@E9 4@>A2?:6D 92G6 366? :? =:E:82E:@? 7@C ?62C=J EH@ 564256D @G6C E96:C 5@>:?2?46 :? E96 42C5D >2C<6E]k^AmkAm':D2 2?5 |2DE6C42C5 28C665 :? a_`h E@ A2J &]$] >6C492?ED Sd]e 3:==:@? E@ D6EE=6 52>286D 4=2:>D :? 2 4=2DD 24E:@? =2HDF:E 244FD:?8 E96> @7 2?E:4@>A6E:E:G6 AC24E:46D]k^AmkAmp 7656C2= ;F586 :? qC@@<=J? C6;64E65 2 A2C2==6= D6EE=6>6?E :? yF?6 E92E H@F=5 C65F46 DH:A6 766D 3J 2? 6DE:>2E65 Sb_ 3:==:@? @G6C 7:G6 J62CD 2?5 C6BF:C6 ':D2 2?5 |2DE6C42C5 E@ =:7E D@>6 CF=6D E92E 32C >6C492?ED 7C@> 492C8:?8 4FDE@>6CD E@ FD6 E96:C 42C5D]k^Am Copy article link SMS Email Print Copy article link Save Tags Visa Inc. Mastercard Interchange Fee Debit Card Banking Technology Finance Payments Banking Financial Services Fee Business Financial Technology Payment Cards Retail Financial Services Personal Finance Service Industries Exonumia
