Associated Press
CHARLOTTE, N.C. – Visa is under investigation by the Department of Justice’s antitrust division over whether the company pushes merchants into more expensive forms of debit card payments, The Wall Street Journal reported Friday.
The investigation is focused on how merchants route debit card transactions when a consumer makes an online transaction, according to the Journal, which cited anonymous sources.
San Francisco-based Visa declined to comment on the Journal’s report.
Visa earns a fee for each transaction that is run on its network. Debit card fees, however, are strictly regulated after Congress passed the Dodd Frank Act following the 2008 financial crisis, in what’s known as the
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