American Express Sues Visa, MasterCard
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American Express Co. AXP.N 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 U.S. banks from using its  credit card products.
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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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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&#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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American Express&#39; restructuring charge includes approximately US$80 million to $90 million in employee severance and approximately $20 million to $30 million in other costs mostly related to the early end of leases.
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The Supreme Court yesterday 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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MasterCard and Visa no longer can block banks from issuing credit cards from competitors after the Supreme Court declined to hear their appeal Monday.
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Now the credit-card companies are trying to tack on billions in charges to each other. American Express Co. wants rivals Visa USA Inc.
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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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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  networks of American Express Co. AXP.N and Morgan Stanley.  MWD.N.
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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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American Express Co. has filed suit against Visa, MasterCard and eight major banks alleging anti-competitive practices. Banks named in the suit include Bank of America, US Bancorp, JP Morgan Chase, Capital
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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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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.
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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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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.