The U.S. Department of Justice is investigating Visa for possible antitrust violations. The probe focuses on how Visa routes debit transactions to banks, and a new fee that Visa is charging merchants. A press release by the Merchants Payments Coalition describes the fee as “mak[ing] merchants pay for both credit and debit cards and financially coerce merchants into accepting cards they do not want. The fee would also undercut merchants’ competitive choice of which network to use for their transactions in violation of the financial reform law.”
Full content: Marketwatch
Related content: The Regulation of Interchange Fees by the U.S. Federal Reserve Board: A Primer on Economic Principles (David Evans, Global Economics Group, Robert Litan, Kauffman Foundation, Brookings Institution & Richard Schmalensee, MIT Sloan, Global Economics Group)
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Ribera Calls for Reform in EU Competition Policies
Dec 10, 2024 by
CPI
DirecTV Urges Second Circuit to Revive Antitrust Lawsuit Against Nexstar
Dec 9, 2024 by
CPI
Omnicom and Interpublic Unite in $13.25B Deal: Big Tech Competition Heats Up
Dec 9, 2024 by
CPI
Federal Ruling Highlights DOJ’s Push Against Algorithmic Collusion in Antitrust Cases
Dec 9, 2024 by
CPI
Judge’s Decision on Kroger-Albertsons Merger Expected Soon
Dec 9, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Moats & Entrenchment
Nov 29, 2024 by
CPI
Assessing the Potential for Antitrust Moats and Trenches in the Generative AI Industry
Nov 29, 2024 by
Allison Holt, Sushrut Jain & Ashley Zhou
How SEP Hold-up Can Lead to Entrenchment
Nov 29, 2024 by
Jay Jurata, Elena Kamenir & Christie Boyden
The Role of Moats in Unlocking Economic Growth
Nov 29, 2024 by
CPI
Overcoming Moats and Entrenchment: Disruptive Innovation in Generative AI May Be More Successful than Regulation
Nov 29, 2024 by
Simon Chisholm & Charlie Whitehead