Visa In New Debit-Card Fee Durbin Amendment Probe
Posted on November 16, 2012 at 14:15 PM EST
Payments processing giant Visa (V) says it's providing documents to federal regulators looking into possible violations of new Dodd-Frank Act rules for debit card processing fees. In a filing Friday, Visa said the Federal Trade Commission asked it to voluntarily comply with the request for documents in a letter on Sept. 21. Specifically, the commission's Bureau of Competition is looking at the company's PIN Debit Gateway Service. Visa says it's