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Discover sues Visa over debit card practices

Nov. 26, 2014 2:12 AM ETDiscover Financial Services (DFS) StockDFS, VBy: Yoel Minkoff, SA News Editor4 Comments
  • Discover (NYSE:DFS) is suing Visa (NYSE:V) over anti-competitive practices in its debit card business and is seeking compensation for lost profit.
  • While Visa's debit cardholders typically use a signature to authorize transactions, Discover's Pulse Network uses a PIN.
  • Discover is challenging a Visa rule that requires Visa signature debit card issuers to also include Visa's PIN services, which limits the competition of other PIN networks like Pulse.

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