DOJ Sues Visa Over Alleged Illegal Monopoly on Debit Transactions

The credit card giant is accused of violating the Sherman Antitrust Act.

Visa credit cards arranged on a desk in San Francisco, in a file photo. Justin Sullivan/Getty Images

The Justice Department sued Visa for allegedly stifling competition in the market for debit card payments.

A complaint filed in the Southern District of New York on Sept. 24 alleged that the credit card giant violated Sections 1 and 2 of the Sherman Antitrust Act.