{"id":31361,"date":"2020-11-06T13:22:23","date_gmt":"2020-11-06T11:22:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=31361"},"modified":"2025-08-28T03:17:01","modified_gmt":"2025-08-28T00:17:01","slug":"us-justice-department-flags-risks-in-visas-planned-acquisition-of-plaid","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/us-justice-department-flags-risks-in-visas-planned-acquisition-of-plaid\/","title":{"rendered":"US Justice Department flags risks in Visa&#8217;s planned acquisition of Plaid"},"content":{"rendered":"<p>The U.S. Department of Justice <a href=\"https:\/\/www.justice.gov\/opa\/press-release\/file\/1334726\/download\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">has filed suit<\/a> in a federal court in Northern California against Visa. The department&#8217;s claims relate to the payments giant&#8217;s acquisition of fintech startup Plaid.<\/p>\n<p><!--more--><\/p>\n<p>The DOJ argues the deal would violate antitrust law and reduce competition in the electronic payments market. The suit cites the payments company&#8217;s executives&#8217; assessment that potential losses of $500 million by 2024 if Plaid ends up in rivals&#8217; hands.<\/p>\n<p>In a statement to <a href=\"https:\/\/www.wsj.com\/articles\/justice-department-files-antitrust-lawsuit-challenging-visa-s-planned-acquisition-of-plaid-11604591434\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">The Wall Street Journal<\/a>, a Visa representative said the department&#8217;s claims are unfounded. According to him, the acquisition of the fintech startup would ultimately benefit consumers. The spokesperson emphasised that the payments company intends to defend the deal.<\/p>\n<p style=\"margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;\"><a style=\"text-decoration: underline;\" title=\"View Filed Visa Plaid Complaint 0 on Scribd\" href=\"https:\/\/www.scribd.com\/document\/483147306\/Filed-Visa-Plaid-Complaint-0#from_embed\">Filed Visa Plaid Complaint 0<\/a> by <a style=\"text-decoration: underline;\" title=\"View ForkLog's profile on Scribd\" href=\"https:\/\/www.scribd.com\/user\/456422024\/ForkLog#from_embed\">ForkLog<\/a> on Scribd<\/p>\n<p><iframe loading=\"lazy\" id=\"doc_4365\" class=\"scribd_iframe_embed\" title=\"Filed Visa Plaid Complaint 0\" src=\"https:\/\/ru.scribd.com\/embeds\/483147306\/content?start_page=1&#038;view_mode=scroll&#038;access_key=key-wJh6quZvIyPljdeduWxW\" width=\"100%\" height=\"600\" frameborder=\"0\" scrolling=\"no\" data-auto-height=\"false\" data-aspect-ratio=\"0.7729220222793488\"><\/iframe><\/p>\n<p>Earlier, Britain&#8217;s antitrust regulator <a href=\"https:\/\/u1f987.com\/en\/news\/uk-antitrust-regulator-approves-visa-plaid-deal\">did not find<\/a> reasons to block Visa&#8217;s purchase of Plaid. The deal, valued at $5.3 billion, would not affect the level of competition in the United Kingdom.<\/p>\n<p>Follow ForkLog on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Department of Justice has filed a suit in a federal court in Northern California against Visa over the purchase of fintech startup Plaid.<\/p>\n","protected":false},"author":1,"featured_media":31362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1901,26,157],"class_list":["post-31361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-plaid","tag-usa","tag-visa"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=31361"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31361\/revisions"}],"predecessor-version":[{"id":31363,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/31361\/revisions\/31363"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/31362"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=31361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=31361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=31361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}