To a long list of companies crying foul over Visa Inc.’s pricing models, add Discover Financial Services. Discover’s debit unit, Pulse Network LLC, recently filed a lawsuit against Visa in a federal court in Texas alleging Visa undermines competition in the debit network world. The network is asking the court to “enjoin Visa’s ongoing violations of antitrust laws” and award Pulse compensation for revenues lost due to the challenged policies.
This isn’t the first time Discover has taken Visa to court. In 2008, Discover ended up with out-of-court settlements with both