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Visa’s Incentives to Banks Examined by Justice Department (1)

April 8, 2021, 4:17 PM

The U.S. antitrust investigation of Visa Inc. is scrutinizing deals the company has with banks to entice them to process more online debit-card transactions over its network -- spending that surged amid coronavirus lockdowns.

The Justice Department is probing incentives Visa offers banks that route more debit-card spending through its network, according to people familiar with the matter. The firm acknowledged an inquiry in a regulatory filing last month without elaborating on the specific issues at hand.

Representatives for Visa and the Justice Department declined to comment.

Visa’s shares pared earlier gains to trade at $219.41 at 12 p.m. in ...

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