Visa Faces U.S. Probe Over Its Debit-Card Routing Practices
- Justice Department examining Visa’s rules online and in stores
- Agency already argued Visa has monopoly power in lawsuit
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The U.S. Department of Justice has launched an antitrust investigation into Visa Inc.’s practices regarding debit-card transactions.
The department is looking into the network’s rules for routing transactions both in stores and online, according to a person familiar with the matter. Representatives for the Justice Department declined to comment.