Mastercard Discloses DOJ Probe Into U.S. Debit Practices
April 27 2023 - 12:01PM
Dow Jones News
By Will Feuer
Mastercard Inc. said it received an investigative demand from
the antitrust division of the Department of Justice last month
seeking documents and information about the company's U.S. debit
program and competition with other payment networks.
The credit card company disclosed the request in a securities
filing along with its quarterly results Thursday.
The company said the DOJ request is regarding a potential
violation of antitrust provisions in the Sherman Act. Mastercard
said it is cooperating with the DOJ.
A representative for Mastercard didn't immediately return a
request for comment.
Visa Inc. said earlier this year it received an investigational
demand also regarding its U.S. debit program and competition with
other payment networks.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
April 27, 2023 11:46 ET (15:46 GMT)
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