Visa, Mastercard Draw FTC Inquiry Over Debit Card Transactions

Nov. 13, 2019, 4:28 PM

Visa Inc. and Mastercard Inc. are once again in the crosshairs of U.S. antitrust regulators over policies that can prohibit merchants from routing card transactions over alternative debit networks.

The Federal Trade Commission has been reaching out to large merchants and their trade groups over the issue as part of a preliminary inquiry, according to people with knowledge of the matter. At issue is whether Visa and Mastercard and large debit card issuers are blocking retailers from routing some mobile wallet payments and tap-to-pay transactions over alternative networks such as Pulse, NYCE and Star, said the people, who asked not...

To read the full article log in.

Learn more about a Bloomberg Law subscription.