AmEx files antitrust suit against credit card rivals
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American Express said Monday that it had filed suit against Visa International and MasterCard International for imposing rules, later overturned by the courts, that barred tens of thousands of banks from issuing its credit card.
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Customers of several popular online retailers, including Fandango.com, Priceline.com , and Staples.com, were victims of an alleged Internet scheme in which their credit cards were charged a monthly fee for a ``discount club" membership they had never requested, according to a class action lawsuit filed yesterday in US District Court in Massachusetts.
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Credit card company American Express   said on Thursday that a slowdown in cardholder spending  and rising delinquencies would lead to a pre-tax charge of  around $440 million for the fourth quarter.
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Online marketing company   Webloyalty.com Inc. and online movie ticket seller Fandango   Inc. were named in a lawsuit on Monday that accuses them of   participating in a scheme where customers' credit cards are   billed monthly fees without their knowledge.
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A federal judge has ruled that Visa USA, the largest U.S. credit card group, must stop charging a special fee when a big debit card client jumps to rival MasterCard Inc. .
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Lawsuit alleges the software giant unlawfully attempted to eliminate competition from Novell&#39;s WordPerfect and Quattro Pro applications.
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American Express Co. said Monday it was suing rivals Visa and MasterCard for blocking the sale of its credit cards through US banks.
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WASHINGTON/NEW YORK  - The Supreme Court on Monday  let stand a ruling that the Visa and MasterCard credit card  associations violated U.S. antitrust law by barring member  banks from issuing credit and charge cards on rival networks  owned by American Express Co. and Morgan Stanley.
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The Securities and Exchange Commission said Tuesday it brought fraud and insider trading charges against former top executives of bankrupt credit card issuer NextCard Inc.
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Securities regulators are suing the management team behind the rapid rise and fall of online credit lender NextCard Inc., alleging the company&#39;s top executives cooked the books and then scrambled to sell their stock before the ruse unraveled into
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The Supreme Court on Monday let stand a ruling that the Visa and MasterCard credit card associations violated federal antitrust law by barring their member banks from issuing credit and charge cards on the rival networks of American Express Co.  and Morgan Stanley. .
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NEW YORK - American Express Co. yesterday sued Visa and MasterCard, as well as eight banks, and alleged that they blocked the sale of its credit cards through US banks.
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Global computer memory chip  makers including Samsung Electronics Co. and Micron Technology  Inc. were sued on Thursday by New York Attorney General Eliot  Spitzer for allegedly conspiring to raise memory chip prices.
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American Express yesterday sued Visa and MasterCard as well as eight banks for allegedly blocking the sale of its credit cards through US banks.
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The Supreme Court on Monday let  stand a ruling that the Visa and MasterCard credit card  associations violated federal antitrust law by barring their  member banks from issuing credit and charge cards on the rival  American Express and Discover Card networks.
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A ruling that Visa and Mastercard had violated antitrust law is upheld  by the US Supreme Court.
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American Express has recently suffered considerable damage as around 20 thousand US banks could not use AE cards. &quot;Consumers have been damaged by the boycott by being deprived of competitive alternatives,&quot; said