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News@lemmy.world · 2 months ago

Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’

cross-posted to:
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Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’

paf0@lemmy.world to

News@lemmy.world · 2 months ago

cross-posted to:
[email protected]

Justice Department accuses Visa of debit network monopoly that affects price of 'nearly everything’

Visa and Mastercard have surged over the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.

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knightly the Sneptaur@pawb.social
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2 months ago
Not when you’re a government.

Mandate that payment processors have to support the state debit network and you’ll be on half the terminals in the country in three months.

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