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Feds sues Visa, saying company is driving up card costs for businesses, consumers – Silicon Valley

Source link : https://sanfrancisco-news.net/2024/09/25/business/feds-sues-visa-saying-company-is-driving-up-card-costs-for-businesses-consumers-silicon-valley/

By Mae Anderson | The Associated Press The U.S. Justice Department has filed an antitrust lawsuit against Visa, alleging that the financial services behemoth uses its size and dominance to stifle competition in the debit card market, costing consumers and businesses billions of dollars. The complaint filed Tuesday says Visa penalizes merchants and banks who […]

The post Feds sues Visa, saying company is driving up card costs for businesses, consumers – Silicon Valley first appeared on San Francisco News.

Author : SanFrancisco

Publish date : 2024-09-25 13:35:55

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