Visa Faces DOJ Scrutiny for How It Prices ‘Token’ Technology
- Merchants get charged more if they shun Visa’s tokens
- Long-running probe is now scrutinizing those price differences
This article is for subscribers only.
Visa Inc. is facing fresh scrutiny from the US Justice Department over how it charges merchants for technology it uses to protect cardholder information.
As part of a long-running DOJ investigation, enforcement officials have begun probing the payment giant’s policies for charging retailers more if they don’t use Visa’s proprietary “tokenization” technology, according to people familiar with the matter.