Mastercard Inc. said the Department of Justice is investigating the company’s debit card routing practices.
(Bloomberg) — Mastercard Inc. said the Department of Justice is investigating the company’s debit card routing practices.
The payments giant received a civil investigative demand from the agency last month seeking “documents and information regarding a potential violation of Sections 1 or 2 of the Sherman Act,” according to a quarterly regulatory filing.
The company is cooperating with the probe, which focuses on the firm’s US debit program and competition with other networks and technologies.
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