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US accuses Visa of monopolising debit card swipes

By Jody Godoy

Sep 25 2024 6:24AM

Fees and financial penalties in focus.

US accuses Visa of monopolising debit card swipes

The US Department of Justice has sued Visa for alleged antitrust violations, accusing one of the world's largest payment networks of suppressing competition by threatening merchants with high fees and paying off potential rivals. Visa processes more than 60 percent of debit transactions in the ...

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