As the government moves to remedy antitrust concerns regarding Visa USA, Visa International and MasterCard International, market observers are debating whether securitization among smaller players would increase, while Visa and MasterCard could lose market share.

Recent developments in the Department of Justice antitrust lawsuit against Visa and MasterCard include the government wanting financial institutions who sit on the boards of either company to issue 100% of new cards solely in the brand for which they govern. For instance, because Citigroup sits on MasterCard's board, it would only be able to issue new cards bearing the MasterCard logo.

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