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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NEW YORK, Nov. 15 /PRNewswire-FirstCall/ -- American Express Company today filed a lawsuit against Visa, MasterCard and eight major banks that are members of the two card associations.
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The Supreme Court on Monday let stand a ruling that the Visa and MasterCard credit card associations violated US antitrust law by barring
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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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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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A ruling that Visa and Mastercard had violated antitrust law is upheld  by the US Supreme Court.
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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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A Manhattan federal judge has ordered Visa USA to stop charging a special fee that penalized debit card issuers for jumping to smaller rival MasterCard Inc. .
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American Express is suing Visa and MasterCard plus eight US banks, claiming anti-competitive tactics kept it out of the market. The litigation is the latest setback for Visa and MasterCard, which last month
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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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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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Mastercard wins a US lawsuit against Fifa which wanted to end its World Cup sponsorship deal in favour of rival Visa.
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State Attorney General Eliot Spitzer sued the world&#39;s largest insurance broker and lodged criminal charges against two insurance executives, accusing the brokerage of taking improper payments to steer business to certain companies.
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Minnesota's attorney general has sued credit card issuer Capital One Financial Corp. , accusing the big U.S. credit card issuer of falsely advertising low rates and defrauding consumers.
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NEW YORK - The US Supreme Court struck a blow for the free market and consumer choice. The Justices today denied an appeal by Visa and MasterCard that prevented most US financial institutions from doing business with competing networks such as Discover.
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A Manhattan federal judge has ordered Visa USA to stop charging a special fee that penalized debit card issuers for jumping to smaller rival MasterCard Inc. , sending the latter's shares higher.