American Express sues credit card rivals
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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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American Express, which fought for the right to sign deals with banks that issue cards on the Visa and MasterCard networks, said that it won a contract with Citigroup.
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Credit card company American Express   said on Thursday that a slowdown in cardholder spending  and rising delinquencies would lead to a pre-tax charge of  around $440 million for the fourth quarter.
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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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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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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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NEW YORK - Bank of America Corp. , the second-largest US bank, was sued yesterday by two Massachusetts customers who accused it of deceiving depositors into renewing certificates of deposit at below-market rates.
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Credit card firms have raised numerous charges for using their cards in the past year, according to Which?
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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 American Express  said on Thursday that a slowdown in cardholder spending and rising delinquencies would lead to a pre-tax charge of around $440 million for the fourth quarter.
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US consumers already swamped with offers from credit card companies can expect more solicitations in the coming months from American Express and Discover Financial Services.
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This candy and card seller has two strikes against it.
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Citigroup on Friday launched a legal challenge against a restructuring plan drawn up by Parmalat, hitting back after the bankrupt food group took the world&#39;s biggest bank to court recently.
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Citigroup (CN: Quote, Profile, Research) on Friday launched a legal challenge against a restructuring plan drawn up by Parmalat, hitting back after the bankrupt food group took the world&#39;s biggest bank to court recently.
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Credit card companies are changing the terms of their accounts at a historically high rate, costing Americans millions of dollars.
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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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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