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Visa and Mastercard sued over debit card monopoly claims
New York Attorney General Robert Abrams filed federal antitrust charges against Visa USA Inc. and Mastercard International Inc. for conspiring to monopolize the point-of-sale debit card market. The suit targets Entree, a joint network the firms run with banks, which remains unused as merchants are not linked. Eleven other states joined in similar suits.
MENTIONED IN THIS ARTICLE
New York
UPI
Robert Abrams
Visa USA Inc
Mastercard International Inc
Visa
San Francisco
Mastercard
Entree
Visa and Masterecard
California
Connecticut
Louisiana
Maryland
Massachusetts
Minnesota
Tennessee
Texas
Washington
West Virginia
Wisconsin
Daniel Brigham
Brigham
Richard Woods
Cirrus System Inc
Plus System Inc
Interlink Network
Tual
MasterDebit
Abrams
Bankcard
Lloyd Constantine
Attorney General’s
Antitrust Bureau