The justice department is suing Visa for allegedly monopolizing the debit card market. The DOJ claims the company forces businesses to use its network.
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00:00The Justice Department is suing Visa for allegedly monopolizing the debit card market.
00:05The DOJ claims the company forces businesses to use its network and blocks competition.
00:11The Justice Department says this leads to higher fees that are passed on to consumers
00:15increasing prices.
00:18Visa denies the allegations, stating it faces growing competition.
00:22The lawsuit is part of a broader antitrust effort by the DOJ, which has also targeted
00:28companies like Google and Ticketmaster.