Search results
Results From The WOW.Com Content Network
In February, credit card lender Capital One announced its acquisition of Discover Financial, a $35.3 billion deal predicated in part on Capital One’s ability to bolster Discover’s also-ran ...
The US Justice Department filed a lawsuit Tuesday accusing Visa of illegally monopolizing the debit card market. For more than a decade, the department alleges, Visa has abused its dominant ...
The company processes more than 60% of debit transactions in the US, according to the complaint, bringing in $7bn in fees annually. As of 2022, its debit card business was bigger by revenue than ...
Over 60% of the more than $4 trillion in debit transactions that take place in the U.S. every year are routed to Visa’s electronic payments network, Attorney General Merrick B. Garland said in a ...
Even traditionally cash-heavy businesses like bars, barbers and coffee shops have started accepting credit or debit cards as a form of payment, often via smartphones. KBW analyst Sanjay Sahrani said in a note to investors that he estimates that U.S. debit revenue is likely at most about 10% of Visa revenue.
Prosecutors say Visa handles more than 60% of US debit transactions, earning the company more than $7 billion in fees per year. Jean Sebastien Evrard/Getty Images
The two men are accused of helping run “carding” websites that sell stolen credit and debit card information. The sites have advertised financial information stolen from tens of millions of ...
Money: Department of Justice sues Visa, alleges the card issuer monopolizes debit card markets; Tech: TikTok removes Russian state media accounts for 'covert influence operations' ahead of US election; Science: 2 record-breaking Russians and an American who lived on space station for 6 months return to Earth; Health: Severe obesity is on the ...