Visa and Mastercard are under investigation by federal U.S. antitrust regulators for potential violations of laws giving retailers choice over debit network routing.
Visa is also being investigated in Australia over interchange fees, the company has disclosed.
In a regulatory filing on Thursday, Visa said it was asked by the U.S. Federal Trade Commission (FTC) on November 4 to voluntarily hand over “documents and information for an investigation as to whether Visa’s actions inhibited merchant choice in the selection of debit payments networks.”
According to the filing, the activity relates to the “potential violation of the Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act.”
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