{"id":26538,"date":"2023-04-27T21:02:58","date_gmt":"2023-04-27T21:02:58","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/mastercard-reports-u-s-antitrust\/"},"modified":"2023-04-27T21:04:56","modified_gmt":"2023-04-27T21:04:56","slug":"mastercard-reports-u-s-antitrust","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/mastercard-reports-u-s-antitrust\/","title":{"rendered":"Mastercard reports U.S. antitrust probe of debit card program"},"content":{"rendered":"

(Reuters) – Mastercard Inc on Thursday said the U.S. Justice Department was conducting an antitrust investigation of its U.S. debit program and competition with other payment networks.<\/p>\n

The company in a filing said it had received a civil investigative demand, the civil equivalent of a subpoena, from the Justice Department’s Antitrust Division. The filing did not specify the government’s concern beyond saying it had to do with its U.S. debit program and competition with rivals. <\/p>\n

“Mastercard is cooperating with the DOJ in connection with the CID,” the company said in the filing.<\/p>\n

The Justice Department declined to comment.<\/p>\n

Visa Inc in January said the Justice Department had sought documents from it about U.S. debit card practices and competition with other payment networks.<\/p>\n

The probe, which began in early 2021, followed reports the United States was investigating whether the credit card company uses anticompetitive practices in the debit card market.<\/p>\n

\n

(Reporting by Niket Nishant in Bengaluru and Diane Bartz in Washington; Editing by Shounak Dasgupta and David Gregorio)<\/p>\n

\"tagreuters.com2023binary_LYNXMPEJ3Q0SG-VIEWIMAGE\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

(Reuters) – Mastercard Inc on Thursday said the U.S. Justice Department was conducting an antitrust investigation of its U.S. debit program and competition with other payment networks. The company in a filing said it had received a civil investigative demand, the civil equivalent of a subpoena, from the Justice Department’s Antitrust Division. The filing did […]<\/p>\n","protected":false},"author":8,"featured_media":26539,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[1223],"class_list":["post-26538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ3Q0SG-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/26538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=26538"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/26538\/revisions"}],"predecessor-version":[{"id":26540,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/26538\/revisions\/26540"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/26539"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=26538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=26538"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=26538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}