DOJ Sues Visa Over Debit

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DOJ Sues Visa Over Debit

The U.S. Department of Justice filed antitrust litigation against Visa in the United States District Court for the Southern District of New York on September 24, 2024. The civil lawsuit alleges that Visa engages in an illegal monopoly to inhibit competition in the debit card market. The complaint alleges that Visa has unlawfully amassed the power to extract fees that far exceed what it could charge in a competitive market. In 2021, Visa was asked by the DOJ to provide information regarding a possible violation of antitrust law. Last year, Visa mentioned that the DOJ had requested additional...

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Nilson Report

1271

September 2024

Headlines in this Issue

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Top US General Purpose Credit Card Issuers at Midyear

Top 10 US General Purpose Credit Card Issuers at Midyear — First Six Months 2024 vs. 2023

Top Issuers of General Purpose Cards in the US — Ranked Separately by Purchase Volume at Midyear and Outstandings on June 30, 2024

Market Shares of Visa/Mastercard Purchase Volume — First Six Months of 2024

Visa & Mastercard at Midyear — Outstandings and Cards

Visa & Mastercard at Midyear — Purchase Volume and Total Volume

US Debit Card Purchase Volume — 2010 through 2023

APAC’s Top 10 Acquirers of General Purpose Cards

Top 38 Merchant Acquirers in Asia–Pacific

Investments & Acquisitions in Fraud Fighting and Security — January through September 2024

Mentioned Companies:

DOJ Sues Visa Over Debit

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