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The Justice Department's antitrust division began investigating Visa over its debit card practices in 2021, the same year it blocked Visa's acquisition of financial technology company Plaid.
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 ...
Visa shares plunged over 5% as the U.S. Justice Department filed an antitrust lawsuit against the company Tuesday, alleging it has illegally monopolized the debit card market by eliminating choice ...
Plaintiffs allege that Visa, Mastercard, and other major credit card issuers engaged in a conspiracy to fix interchange fees, also known as swipe fees, that are charged to merchants for the privilege of accepting payment cards, at artificially high levels. In their complaint, the plaintiffs also alleged that the defendants unfairly interfere ...
Visa Inc. (/ ˈ v iː z ə, ˈ v iː s ə /) is an American multinational payment card services corporation headquartered in San Francisco, California. [2] [5] It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards.
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The name was changed to Visa in 1976. [4] [5] [6] In May 1984, Hock resigned his management role with Visa, [4] retiring to spend almost ten years in relative isolation working a 200-acre (0.81 km 2) ranch on the Pacific coast to the west of Silicon Valley in Pescadero, California.
In September, Phillip E. Tucker, 37, of Madison, pleaded guilty in federal court in East St. Louis to one count of theft of mail by a postal employee for stealing a $200 Visa gift card from a ...