The financial giant, which processes the majority of debit card spending in the United States, unfairly imposed fees on merchants and deterred rivals, the Justice Department said.

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, costing ...

The complaint says Visa penalizes merchants and banks who don't use Visa's own payment processing technology

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, costing consumers and businesses billions of dollars. The complaint filed Tuesday says Visa penalizes merchants and banks who don't use…

Analysts say the case could stretch out for years if it is not settled and goes to trial.

Visa and Mastercard have surged over the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.

Visa and MasterCard have surged in the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.

The U.S. Department of Justice sued Visa for alleged antitrust violations on Tuesday, accusing one of the world's largest payment networks of suppressing competition by threatening merchants with high fees and paying off potential rivals.Visa processes more than 60 per cent of debit transactions in the U.

The US Department of Justice filed a lawsuit accusing Visa of engaging in anticompetitive behavior.Prosecutors say the financial giant's monopolistic

Visa shares fell Tuesday as the U.S. Department of Justice filed an antitrust lawsuit against the payment processor.

Visa shares fell Tuesday as the U.S. Department of Justice filed an antitrust lawsuit against the payment processor.

Visa shares fell Tuesday morning following reports that the U.S. Department of Justice is preparing an antitrust lawsuit against the payment processor.

The Department of Justice has filed an antitrust lawsuit against Visa, alleging that the financial services firm has an illegal monopoly over debit network markets and has attempted to unlawfully crush competitors, including fintech companies like PayPal and Square. From a report: The lawsuit follow...

Visa shares fell almost 5% in Tuesday trading, shedding about $25 billion in market value.

NEW YORK (AP) — 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, costing consumers and businesses billions of dollars.