Dept. of Justice accuses Visa of monopolizing debit card market

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Dept. of Justice accuses Visa of monopolizing debit card market

The U.S. Department of Justice has filed an antitrust lawsuit against Visa alleging that the financial services giant uses its size and dominance to stifle competition. The complaint says Visa penalizes merchants and banks who don’t use Visa’s own payment processing technology to process debit transactions.

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