Visa settled DOJ antitrust challenge to rules restricting merchant price competition
Company: Visa Inc.
Summary
DOJ challenged Visa and Mastercard rules that prevented merchants from offering discounts, rewards or information to encourage consumers to use lower-cost payment methods. Visa and Mastercard agreed to a proposed settlement requiring them to allow merchants greater freedom to steer customers toward cheaper payment methods. Source: https://www.justice.gov/sites/default/files/atr/legacy/2010/10/04/262867.pdf