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Justice Department Accuses Visa of A Debit Card Monopoly
US accuses Visa of monopolizing debit card swipes
"Visa's unlawful conduct affects not just the price of one thing, but the price of nearly everything," Attorney General Merrick Garland said.
This Week In Credit Card News: Justice Department Sues Visa For Illegal Debit Card Monopoly
U.S. Justice Department Accuses Visa of Illegal Monopoly that Adds to the Price of ‘Nearly Everything’
Visa monopolizes debit cards, hurting consumers and businesses, Justice Department says
Visa exploits its market dominance to stifle competition, costing consumers and merchants billions in extra fees, feds allege.
Visa, Mastercard and deutsche bank
Europe’s Banks Launch Wero Payments to Dislodge Visa, Mastercard
The European Union’s biggest banks have spent years quietly creating a new way to pay that could finally allow customers to ditch their Visa Inc. and Mastercard Inc. cards — the latest sign that the region is looking to dislodge two of the most valuable financial firms on the planet.
EU banks create Wero payments to reduce reliance on Visa, Mastercard - report
The European Union's biggest banks have been developing new payment rails that could allow their customers to break away from payment networks Visa (NYSE:V) and Mastercard (NYSE:MA), according to a media report.
Europe’s Banks are launching new product to break the Visa/Mastercard dominance
The largest banks in the European Union have been quietly developing a new payment system that aims to give customers the option to abandon their Visa (NYSE:V) and Mastercard (NYSE:MA) cards, Bloombers News reported on Friday.
5h
Throw the Book at Visa
Transaction fees on debit-card purchases are out of control. The Biden administration's anti-trust cops are on the case.
1d
Visa Increases AI Fight Against Fraud With Featurespace Purchase
Visa Inc. will acquire real-time artificial intelligence payments protection firm Featurespace Ltd. — marking the credit-card ...
1d
Visa taps hardened D.C. duo to battle US monopoly lawsuit
Visa has hired a pair of prominent Washington, D.C., antitrust lawyers to help it fight the U.S. Justice Department's new ...
2d
on MSN
Justice Dept. sues Visa, says it illegally monopolized debit card market
The imposed a “web of exclusionary agreements” that penalize merchants who use alternative payment processors, the Justice ...
2d
The DOJ sues Visa for locking out rival payment platforms
According to the complaint, Visa entered into paid agreements with potential competitors as part of an effort to fend off ...
2d
Prince Harry the Real Winner in Visa Drugs Case
Duke of Sussex's visa records will remain a secret despite his past drug use, after a Conservative think tank lost a lawsuit.
23h
on MSN
Algeria reimposes visa requirements on Moroccan nationals
Algerian authorities resumed visa requirements for Moroccan nationals entering the country on Thursday, state news agency APS ...
2d
on MSN
Visa Is in the Hot Seat. MasterCard and Others Could Benefit.
The legal questions facing Visa could benefit the payment giant’s rivals. But some think the concerns are overdone and Visa ...
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