The US Department of Justice has accused a payments company of using exclusionary agreements to protect its $7bn-a-year debit business. The company allegedly had a “web” of these agreements in place. The justice department claims that these agreements prevented merchants from routing debit card transactions through rival networks, thereby stifling competition. The accusations were made in an antitrust lawsuit filed against the company. If found guilty, the payments company could face significant penalties and may be required to change its business practices.
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