Visa Facing Merchant Class Action Case Amid DOJ Antitrust Action
Visa(V) PYMNTS.com·2024-10-03 02:26
Visa is facing a class action lawsuit from merchants connected to its debit network.The suit accused Visa of anticompetitive behavior related to its debit card network, and was filed in federal court Tuesday (Oct. 1). It comes a little more than a week after the company was hit by an antitrust suit by the U.S. Department of Justice (DOJ).“Visa dominates the debit network market, and it has engaged in unlawful conduct that has artificially raised the price of those fees beyond what they would be in a more co ...