US sues Visa for alleged monopoly practices

Quick Summary:

The lawsuit comes after years of probes by the US antitrust enforcers into Visa’s business practices.

Through these tactics, Visa maintains an “enormous moat” around its business, helping it earn big profits.

Globally, Visa processes US$12.3 trillion in total payment volume.

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Article Details

Category: EconomyBusiness

Markets: SingaporeUnited States

Topics: Visa’s Operating Visa Volume Justice Department Practices Debit American Lawsuit Fees

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 03:43:07 (4 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 399 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 22700557

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1 days ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

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