Justice Department Sues to Block Visa's Proposed Acquisition of Plaid

Today, the Department of Justice filed a civil antitrust lawsuit to stop Visa Inc.’s $5.3 billion acquisition of Plaid Inc. Visa is a monopolist in online debit services, charging consumers and merchants billions of dollars in fees each year to process online payments.  Plaid, a successful fintech firm, is developing a payments platform that would challenge Visa’s monopoly. 

Source: DOJ Press Releases, Justice Department Sues to Block Visa’s Proposed Acquisition of Plaid


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