Visa Stock News

The U.S. Department of Justice on Tuesday sued Visa, the world's biggest payments network, saying it propped up an illegal monopoly over debit payments. The DOJ said Visa imposed "exclusionary" agreements on partners and smothering upstart firms.

The US Department of Justice filed a lawsuit accusing Visa of engaging in anticompetitive behavior. Prosecutors say the financial giant's monopolistic actions affect "the price of nearly everything.

The U.S. Department of Justice sued Visa for alleged antitrust violations on Tuesday, accusing one of the world's largest payment networks of suppressing competition by threatening merchants with high fees and paying off potential rivals.

The Justice Department filed a lawsuit against Visa on Tuesday, alleging the financial services giant used its clout to maintain a monopoly over the U.S. debit card market.

There are more potential alternatives to Visa's debit network in the event the company is penalized by the Justice Department.

Investors are waiting for an antitrust lawsuit against Visa. Visa has monopoly-like market share and profits in the payment processing industry.

Visa Inc (NYSE:V) stock is dragging the Dow today, last seen down 4.1% to trade at $276.82.

Visa's stock rallied despite potential DOJ antitrust lawsuit, but valuation risks and DOJ accusations could impact future performance. DOJ alleges Visa's anti-competitive practices in the debit card market; past probes and abandoned acquisitions highlight ongoing scrutiny. Visa's profitability and growth potential remain strong, with opportunities in global consumer payments and value-added ser...