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International Business Times
International Business Times
Business
Shreyashi Chakraborty

Justice Department To Sue Visa Over Debit Card Market Monopoly

The U.S. Department of Justice (DOJ) is seeking to file a lawsuit against Visa, the world's largest payment network operator, for allegedly monopolizing the U.S. debit card market to gain an unfair advantage over rival payment processors.

DOJ's antitrust division is legally challenging Visa for allegedly exploiting its market dominance to stifle competition, Bloomberg reports.

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