UNITED STATES — The United States (US) department of justice (DoJ) has filed a lawsuit against Visa, accusing the company of illegally monopolising the debit card market.
In a statement on Tuesday, the justice department said the monopolisation violates Sections 1 and 2 of the Sherman Act, adding that the lawsuit was filed in the US district court for the southern district of New York. The
DoJ alleged that Visa illegally maintains a monopoly over debit network markets by using its dominance to thwart the growth of its existing competitors and prevent others from developing new and innovative alternatives... thecable.ng
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