financetom
Business
financetom
/
Business
/
Visa faces US DOJ antitrust case on debit cards, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Visa faces US DOJ antitrust case on debit cards, Bloomberg News reports
Sep 28, 2024 7:09 AM

(Reuters) -The U.S. Department of Justice plans to allege that Visa illegally monopolized the country's debit card market, Bloomberg News reported on Monday.

The antitrust division is set to file a lawsuit in federal court as early as Tuesday, accusing Visa of various anticompetitive behaviors, the report said, citing unnamed sources.

Antitrust enforcers are preparing to accuse Visa of taking measures to prevent competitors from challenging its dominance in the debit card market, according to the report.

Visa and the DOJ did not immediately respond to Reuters' requests for comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved