News@lemmy.world · 1 day ago

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

www.cnbc.com

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

www.cnbc.com

paf0@lemmy.world to

News@lemmy.world · 1 day ago

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

www.cnbc.com

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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10 years ago they decided to block payments to Wikileaks. Abuse of their monopoly was already obvious back then.

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