U.S. Justice Department accuses Visa of stifling competition
The U.S. Justice Department is suing Visa, accusing the company of abusing its market dominance to stifle competition for more than a decade.The antitrust lawsuit, filed in federal court in New York, alleges that Visa penalizes merchants and banks that don’t use its payment processing technology for debit transactions, despite other available options. “Visa’s unlawful…