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News@lemmy.world · 1 month ago

Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’

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Justice Department accuses Visa of debit network monopoly that impacts price of 'nearly everything’

paf0@lemmy.world to

News@lemmy.world · 1 month ago

Justice Department accuses Visa of debit network monopoly that affects price of 'nearly everything’

Visa and Mastercard have surged over the past two decades, reaching a combined $1 trillion market cap. That has attracted unwanted attention from regulators.

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NateNate60@lemmy.world
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1 month ago
That’s essentially what FedNow wants to be, except the goal is to replace the debit card network.

Trying to start a new debit card network is a chicken-and-egg problem.

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