(New York) Visa card issuer Visa said Friday that this is the subject of a U.S. Justice Department inquiry into its practices in the United States surrounding debit cards.
“Although no official notification of the civil investigation for the visa has been received yet, we have been asked to keep relevant documents related to the investigation,” the group said in a document sent to U.S. market police on Friday evening. Partners (SEC).
Ensures cooperation with visa authorities.
It lost more than 6% of its stake in Wall Street on Friday.
According to The Wall Street Journal, The department questions whether the debit card market does not resort to anti-visa procedures, for example, by preventing merchants from sending transactions to low-cost card networks.
“We believe Visa’s debit card procedures are legal in the United States,” the company told SEC.
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