- 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.
Discover sues Visa over debit card practices
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Symbol | Last Price | % Chg |
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DFS | - | - |
Discover Financial Services |