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Discover Financial Services

Discover Sues Visa Over Debit Card Practices

Discover Financial Services is suing Visa Inc for using anti-competitive practices in its debit card sector. The company alleges Visa has “undertaken a series of illegal actions that undermine competition–harming rival debit networks, merchants, acquirers, card issuers, and consumers.” Discover is seeking compensation for its losses as a result of these anti-competitive practices. According to the