US Justice Department Sues Visa To Block Its Planned $5.3B Plaid Acquisition
PYMNTS
NOVEMBER 5, 2020
billion acquisition of Plaid, arguing that the deal would allow Visa to extend what the DOJ alleges is the company's control of the online debt market. In theory, the system could eventually allow consumers to bypass credit cards and transfer money directly from their bank accounts to a merchant’s account. 5) to block its planned $5.3
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