DOJ Investigating Visa’s Debit Card Practices

The Wall Street Journal has published a report today saying that the Justice Department has opened an investigation into Visa’s debit card business and possible anticompetitive practices. Visa shares dropped 4.54% after the report.

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Visa and Mastercard Postpone Swipe Fee Increases

The higher fees will apply only to “some” undefined purchases WSJ reports, including “small supermarkets” and “restaurants,” but the categories of spending affected are also expected to include “many online transactions.”

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Visa ‘Tap to Phone’ Coming to U.S. in 2021 (Video)

Sellers download an app, supported by their acquirer, and after registering and selecting their participating bank, the sellers can start accepting contactless payments in just a few minutes. Buyers just tap their Visa cards to the merchants’ phone to complete the transaction.

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