Visa and MasterCard sued by American Express
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Visa, MasterCard and eight banks have been sued by American Express for âanti-competitive practicesâ that led to damages as around 20,000 US banks were not able to use AE credit card products.
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The Supreme Court let stand on Monday a ruling that the Visa and MasterCard credit card networks violated federal antitrust law by barring their member banks from issuing credit and charge cards on the rival networks of American
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American Express Co. (AXP.N: Quote, Profile, Research) on Monday sued credit card associations Visa and MasterCard and eight banks for damages from what it called
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Mastercard is criticised by the European Commission for charging cross-border credit and debit card fees.
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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
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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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The US Supreme Court, as expected, let stand a ruling against Visa and MasterCard for anti-competitive practices on Monday, handing a victory to their arch-rival American Express.
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Minnesota's attorney general has sued  credit card issuer Capital One Financial Corp. COF.N,  accusing the big U.S. credit card issuer of falsely advertising  low rates and defrauding consumers.
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Minnesota&#39;s attorney general yesterday sued two subsidiaries of Capital One Financial Corp., contending that their &quot;No Hassle&quot; credit card ads were false, deceptive and misleading because
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Travel- and financial-services giant American Express Co. sued Visa and MasterCard yesterday as well as eight banks for damages stemming from anti-competitive practices that prevented American Express from issuing cards through US banks.
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NEW YORK: American Express on Monday sued credit card associations Visa and MasterCard and eight banks for damages from what it called anti-competitive practices that prevented 20,000 US banks from using its credit card products.
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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 MasterCard drew a rebuke at a closed European Commission antitrust hearing last week after claiming incorrectly that Britain had dropped an investigation into its fees, people who were present said.
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In one of its first orders of business as it reconvened on Oct. 4, the Supreme Court opted not to hear the appeal of Visa USA and MasterCard International of the government&#39;s antitrust lawsuit against them.
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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. AXP.N and Morgan Stanley.  MWD.N.
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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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American Express has sued credit card associations Visa and MasterCard and eight banks for damages from what it called anti-competitive practices that prevented 20,000 US banks from using its credit card products.