The US Department of Justice is preparing to file an antitrust lawsuit against Visa, accusing the payments company of anti-competitive behaviour.
Federal prosecutors are set to file a lawsuit as early as Tuesday, said a person familiar with the matter. The move would come after a years-long review by the DoJ into Visa’s business practices.
The company in 2021 disclosed in a regulatory filing that the DoJ’s antitrust unit had requested information on potential violations of antitrust law provisions that outlaw anti-competitive agreements and monopolistic conduct. The civil probe focused on Visa’s debit card business in the US as well as competition in other networks and payment methods.
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