Justice Department Probes Visaвђ™s Relationships ... <ESSENTIAL · Series>

Visa has called the lawsuit "meritless". The company’s general counsel, , stated that Visa is just one of many players in an "ever-expanding universe" of payment options. Visa argues its partnerships with fintechs actually improve security and reliability for consumers. Some industry analysts also note that these deals often lead to better user experiences, making it difficult to prove they are purely anticompetitive. What This Means for Consumers and Tech

We might see more widespread use of non-card payment systems that bypass traditional "card rails" entirely. Justice Department Sues Visa for Monopolizing Debit Markets Justice Department probes Visa’s relationships ...

Increased competition among networks might drive down the costs merchants pay, which could lower retail prices. Visa has called the lawsuit "meritless"