The DOJ's lawsuit asserts that Visa's size and market dominance harms competition in the debit card market, penalizing merchants and banks who don’t conform to its processing.
Visa earns over $7 billion annually from processing fees by mandating merchants to use its payment technology, despite lower-cost alternatives existing in the market.
U.S. Attorney General Merrick B. Garland emphasized that Visa's actions lead to increased costs for consumers, affecting the price of nearly everything they buy.
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