High Court ruling opens banks to new card issuers
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The US Supreme Court rejected appeals by Visa and MasterCard to overturn a ruling that they violated antitrust rules by barring banks from issuing cards on rival networks.
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MasterCard International Inc. and Visa USA Inc. no longer can block banks from issuing credit cards from competitors after the Supreme Court declined to hear their appeal yesterday.
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NEW YORK (CBS.MW) -- In the high-stakes game of poker that is the credit card business, on Monday the US Supreme Court shuffled the deck.
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and yes, more pitches in the mail - now that the US Supreme Court has upheld a ruling that allows banks to offer credit cards from issuers such as American Express and Discover Card.
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Many 'contactless' credit cards can allow their owner's name and card number to be read at a distance.
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The MBNA Corporation has decided that it should ask for permission before switching its customers' credit cards to American Express cards.
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City officials approved a plan Monday to offer illegal immigrants identification cards that would let them open bank accounts and use other services that may be unavailable without driver's licenses or state-issued IDs.
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WASHINGTON -- The Supreme Court on Monday sided with Wall Street banks that allegedly conspired to drive up prices on 900 newly issued stocks.
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The Supreme Court on Monday sided with Wall Street banks that allegedly conspired to drive up prices on 900 newly issued stocks.
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American Express Co (NYSE: AXP) said this morning that it has filed a law suit in the US District Court in Manhattan against Visa, Mastercard and eight major
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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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Â· Consumer revolt on hold while court case is heard  Â· Ruling may lead to refunds but also end free banking
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com. Banks that issue Visa and MasterCard credit cards can now also offer customers American Express and Discover cards. OK, so the Earth didn&#39;t move.
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The U.S. House of Representatives on Tuesday voted to support a Bush administration plan to allow the use of Mexican identification cards to open U.S. bank accounts.
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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
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Chinese regulators expect Citigroup , HSBC Holdings  and two others to become the first foreign banks to issue local-currency debit cards to consumers in the world's fourth-largest economy, a senior banking regulator said on Thursday.
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Keep an eye on your credit card issuers -- they may be about to raise your rates.