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ID: 54162871 Video

Headline: DOJ Sues Visa Over Alleged Debit Card Monopoly, Aiming to Restore Competition

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The DOJ filed a lawsuit accusing Visa of monopolizing debit card transactions and suppressing competition through high fees and agreements with potential rivals, Reuters reports. Visa processes 60% of all debit card transactions in the U.S., earning $7 billion annually from fees, according to the DOJ.

Keywords: Visa,DOJ,Department of Justice,Debit Card,Monopoly,Aiming,Restore,Competition,US,United States,Billion,Annually,Fees,Rivals,MasterCard,ApplePay,Google,Transactions,Cards,Credit Cards,Economy,General Counsel,Julie Rottenberg,Attorney General,Merrick Garland

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