AmEx files antitrust suit against credit card rivals
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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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Citigroup  is replacing thousands of Visa-branded American Airlines credit cards with new account numbers and cards that carry the American Express logo, the Wall Street Journal reported on its Web site on Thursday.
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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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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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Credit card firms have raised numerous charges for using their cards in the past year, according to Which?
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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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American Express Co., the travel and financial services giant, on Monday sued Visa and MasterCard along with eight banks for damages stemming from anticompetitive practices that prevented American Express from issuing cards through U.S. banks.
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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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A ruling that Visa and Mastercard had violated antitrust law is upheld  by the US Supreme Court.
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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. said Monday it was suing rivals Visa and MasterCard for blocking the sale of its credit cards through US banks.
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American Express Co.  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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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.
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The US Supreme Court rejected appeals by Visa and MasterCard to overturn a ruling that they violated antitrust rules by barring banks from issuing cards on rival networks.
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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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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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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.