US sues Visa for monopoly on debit-card use

By Agence France-Presse

Sep 26, 2024 12:09 am

According to the lawsuit, filed in a federal court in New York, Visa's practices have resulted in billions of dollars in additional fees for American consumers and businesses while slowing innovation in the debit payments ecosystem.

The lawsuit comes after a wide-ranging three-year probe by the US antitrust enforcers into Visa's business practices.

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