U.S. Justice Department sues Visa over alleged debit payments monopoly
The U.S. Justice Department has sued Visa, accusing the company of monopolizing the debit payments market and using its dominant position to eliminate potential competitors. The antitrust lawsuit filed on Tuesday (Sep. 24) in Manhattan federal court, alleged that Visa “illegally maintains its monopoly power by insulating itself from competition,” while also coercing would-be competitors…