Summary of Visa monopoly over debit cards hurts consumers and businesses, feds say

Summary of Visa monopoly over debit cards hurts consumers and businesses, feds say

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Visa monopoly over debit cards hurts consumers and businesses, feds say


Visa exploits its market dominance to stifle competition, costing consumers and merchants billions in extra fees, feds allege.

https://www.cbsnews.com/news/visa-debit-cards-justice-department-lawsuit/

The US Department of Justice has filed a lawsuit against Visa, accusing the company of using its market dominance in payments to stifle competition in the debit card market, resulting in higher costs for consumers and businesses.