Overview

• The lawsuit alleges Visa uses exclusionary agreements to maintain over 60% of the U.S. debit card market.
• Visa is accused of penalizing merchants and banks that use alternative payment networks, leading to higher fees.
• The DOJ claims Visa's actions have resulted in billions of dollars in additional fees for consumers and businesses.
• Visa allegedly paid potential competitors like Apple and PayPal to avoid entering the market with competing products.
• The legal action seeks to restore competition in the debit payment processing market and prevent Visa from imposing restrictive pricing structures.