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Visa & Plaid Call Off $5.3B Merger

Visa and financial-technology startup Plaid announced Tuesday that they’ve terminated their plans to merge following antitrust pushback from the Department of Justice, reported The Wall...
Visa

Visa Is Doing What Big American Companies Do to ‘Protect This...

By The Editorial Board, New York Times Visa dominates the lucrative business of processing debit card transactions. Merchants must choose between paying the financial services company’s fees or...
Visa

The DOJ files Antitrust Suit Over Visa’s $5.3B Plaid Buy

The Department of Justice has filed an antitrust lawsuit challenging Visa’s  proposed US$5.3 billion acquisition of Plaid, reported the Wall Street Journal. News of the DOJ’s investigation...
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DOJ Raises Concerns With Visa’s $5.3B Plaid Deal

Visa’s US$5.3 billion deal to buy fintech startup Plaid is facing antitrust scrutiny at the US Justice Department, the Wall Street Journal reported on...
Visa

Visa Wins UK Approval For $5.3B Plaid Takeover

The UK’s Competition and Markets Authority (CMA) has given the green light to Visa’s US$5.3 billion takeover of fintech data-sharing firm Plaid, after judging...
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Mastercard, Visa Face Payouts After UK Court Case

The UK’s top judges ruled in favor of retailers including J Sainsbury in a blow to credit-card companies that could now face billions of...
UK Law

UK Supreme Court Rules Mastercard, Visa Violated Anti-Competition Laws

Two of the world’s largest credit card companies have lost their bid to assess fees on retailers in the United Kingdom. Britain’s Supreme Court has...
Visa cards

UK Watchdog Considers Probe On Visa’s Acquisition of Plaid

The UK's Competition and Markets Authority announced on Tuesday, June 16, that it is considering whether Visa's agreed acquisition of fintech startup Plaid would...

Are Payment Card Systems’ Multilateral Interchange Fees Anticompetitive by Object under...

By Csongor István Nagy (University of Szeged)1   I. Background Hungarian banks fixed the interchange fee to be used in the two major payment card systems (MasterCard...
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US: Visa, Mastercard draw FTC inquiry over debit card transactions

The Federal Trade Commission (FTC) has initiated a preliminary inquiry on Visa and Mastercard for possibly prohibiting merchants from using other debit networks, Bloomberg...

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