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MA MasterCard Incorporated

449.37
5.79 (1.31%)
07 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
MasterCard Incorporated NYSE:MA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  5.79 1.31% 449.37 450.4999 445.56 447.23 2,536,212 00:35:28

Mastercard Discloses DOJ Probe Into U.S. Debit Practices

27/04/2023 5:01pm

Dow Jones News


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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)

Copyright (c) 2023 Dow Jones & Company, Inc.

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