Visa (V) Incentives to Banks Examined in Justice Department Probe - Bloomberg

April 8, 2021 11:41 AM EDT

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(Updated - April 8, 2021 11:44 AM EDT)

The U.S. antitrust investigation of Visa (NYSE: V) is scrutinizing deals the company has with banks to entice them to process more online debit-card transaction over its network, according to Bloomberg, citing people with knowledge of the matter.

The Justice Department is probing incentives it offers banks that route more debit-card spending through its network.

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