Almost a year to the day after Visa Inc. announced its intent to acquire Plaid, the two organizations announced they’re terminating the proposed transaction. The companies agreed with the DOJ to dismiss related litigation. CardLinx Insight: The termination of the deal indicates the high price that Visa and Plaid paid for pursuing a proposed deal that was perceived to run...

Visa’s plans to acquire financial technology startup Plaid Inc. were thwarted yesterday when the US Justice Department filed an antitrust lawsuit. The DOJ contends that Plaid, that powers Paypal’s Venmo and other payment apps, competes with Visa, and that the $5.3 billion acquisition would create a monopoly in online debit leading to higher prices and discouraging industry innovation. CardLinx Insight:...