FTC Looking at Visa's New Debit Card

Business Wire,  August 6, 1998  

Tags: debit card, FTC, Visa Inc.

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NEW YORK--(BUSINESS WIRE)--Aug. 6, 1998--The government's credit-card probe is picking up a new trail. The Federal Trade Commission, according to industry consultants and lawyers, has begun looking at Visa's plans for its new debit card, called an "online card." The August 17 issue of Business Week reports the agency is examining Visa's requirement that transactions with those cards go over Visa's electronic network rather than regional networks that charge merchants lower fees.

    CONTACT: Robert Pondiscio
     Publication: Business Week
     Phone: 212-512-6311
     Fax: 212-512-2030
     Website: www.businessweek.com

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