The New Paper

March 22, 2021

DOJ to open probe into Visa debit card practices

The Justice Department plans to open an investigation into Visa’s debit card practices, according to a company filing released on Friday. The investigation will reportedly probe whether Visa has engaged in anti-competitive behavior in the debit card market, which accounts for over 40% of Visa’s payments volume. Visa shares fell 6% on Friday following the news.
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This story is from the March 22, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.