Antitrust enforcers are preparing to accuse Visa of taking steps to keep rivals from challenging its dominance in the debit card market, said the people. The government’s allegations include that Visa made exclusive agreements to hinder the expansion of competing networks and thwarted efforts by technology companies to enter the market.
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Visa faces justice department antitrust case on debit cards
Payments network rival Mastercard Inc. settled a separate enforcement action last year targeting its tokenization technology practices brought by the US Federal Trade Commission, which also enforces antitrust laws.
