American Express sues Visa and MasterCard
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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.
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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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Credit card company American Express Co  said on Thursday that a slowdown in cardholder spending and rising delinquencies would lead to a quarterly pretax charge of about $440 million.
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The Supreme Court Monday cleared the way for banks to begin issuing credit cards bearing logos such as American Express and Discover while continuing to offer Visas and MasterCards.
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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
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American Express is suing credit card giants Visa and Mastercard, accusing them of anti-competitive practices.
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Walgreen Co. (WAG.N: Quote, Profile, Research) , the largest US drugstore chain, on Wednesday said it will no longer accept American Express&#39; roughly 36 million credit cards because of
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American Express Co. on Monday sued Visa, MasterCard and eight banks for allegedly blocking the sale of its credit cards through US banks.
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Travel and financial services giant American Express Co. on Monday sued Visa and MasterCard as well as eight banks for damages stemming from anticompetitive practices that prevented American Express from issuing cards through U.S. banks.
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Will that be cash or charge? That&#39;s the question American Express (nyse: AXP - news - people ) will be asking Visa and MasterCard as it prepares to file a suit against the two largest card associations in
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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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Cardholders have been surprised to find that the MBNA Corporation has switched their accounts from Visa or MasterCard to American Express, MBNA's new partner.
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WASHINGTON - American Express tells its cardholders, &quot;Don&#39;t leave home without it.&quot; But some businesses wish their customers would do just that.
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Minnesota&#39;s attorney general sued Capital One Bank Thursday over advertisements for its &quot;No Hassle&quot; credit card, which promote a fixed interest rate of 4.99 percent.
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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 has sued credit card giants Visa and Mastercard, accusing them of anti-competitive practices. The lawsuit comes after the US Supreme Court said the two companies could not contest a ruling
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NEW YORK - Charge and credit card giant American Express Company said it rung up record third quarter profits as consumers went on a shopping splurge and extended their borrowings.