Visa Stock News

Visa (V) shares slipped amid reports that the payment processing giant is likely to be sued by the U.S. Department of Justice (DOJ) as soon as Tuesday over allegedly monopolistic behavior to protect its dominant position in the debit card market.

Visa shares fell 3% on Tuesday after a report said the U.S. Department of Justice plans to file a lawsuit against the world's largest payment processor, alleging it illegally monopolized the country's debit-card market.

Visa stock slumps on reports of an incoming antitrust lawsuit from the DOJ over its debit card business. Credit card stocks near buy points.

Credit card giant Visa Inc (NYSE:V, ETR:3V64) is facing a US antitrust action for anti-competitive behaviour with US reports suggesting the writ might be filed as early as today. Visa indicated as far back as 2021 that the US Department of Justice was looking into its business methods for potential competitive law breaches.

Reports say the U.S. Justice Department's antitrust division could file a lawsuit as soon as Tuesday.

The U.S. Justice Department reportedly plans to file an antitrust suit against Visa as early as Tuesday (Sept. 24). The agency plans to allege that the company illegally monopolized the U.S. debit card market through a range of anticompetitive acts, Bloomberg reported Monday (Sept.

Visa Inc. stock fell 1.6% in after-hours trading Monday following reports that the payments giant faces an antitrust lawsuit from the U.S. Justice Department.

Dow Jones payments leader Visa stock, Meta and Spotify are in or near buy zones.