Govt. Makes Antitrust Case Ruling

Bruno, Maria
December 2001
Bank Technology News;Dec2001, Vol. 14 Issue 12, p1
Trade Publication
Reports on the antitrust charges against credit card companies Visa and MasterCard by the United States government. Effects of the charges on the companies' relations with the consumers and banks; Reaction of rival companies American Express and Discover on the charges; Violation of the companies of Section one of the Sherman Antitrust Act.


Related Articles

  • MERCHANTS TACKLE Credit Card FEE Policies. Simpson, Burney // Cards & Payments;Jan2006, Vol. 19 Issue 1, p28 

    The article discusses the credit card fee policies on the merchant's point of view. Credit card fee has generated 40 merchant lawsuits against MasterCard International, Visa and other large credit card issuers. A loss by merchants would probably lead to an expansion of these companies attempts...

  • Visa, Mastercard Fees Kindle Yet Another Suit. FICKENSCHER, LISA // American Banker;4/10/2000, Vol. 165 Issue 69, p1 

    Reports on the filing of an antitrust lawsuit against Visa and MasterCard that draws on allegations already brought against card companies by the United States Department of Justice and national retail stores. Attack on fee charged for currency conversions; Absence of rational relationship...

  • Card Giants Seek Stay of Antitrust Order. Lee, W.A. // American Banker;12/26/2001, Vol. 166 Issue 245, p20 

    Reports the petition of card giants Visa USA and MasterCard International for a stay of antitrust order imposed by the court in New York. Ruling of the court; Focus on of the ruling on exclusionary rules in the antitrust policy; Period for the appeal allowed for card giants.

  • Small Merchants File Suit Over Interchange. Kuykendall, Lavonne; Lindenmayer, Isabelle // American Banker;6/24/2005, Vol. 170 Issue 121, p5 

    Reports on the first of what is expected to be a series of credit card interchange antitrust lawsuits seeking class-action status has been filed against Visa U.S.A., MasterCard International and others. Details of the lawsuit filed by the U.S. District Court of Connecticut which seeks...

  • Visa, MasterCard Rebut Justice Dept. Lee, W.A. // American Banker;8/21/2002, Vol. 167 Issue 160, p9 

    Reports that Visa USA Inc. and MasterCard International Inc. have submitted briefs in response to a U.S. Justice Department ruling on the legality of exclusionary rules set by the companies which prevents banks issuing their cards from also issuing American Express and Discover cards. ...

  • Battle Heats Up Over Massive Payment-Card Antitrust Settlement. Hamstra, Mark // Supermarket News Expert Blog;6/ 4/2013, p5 

    The article reports that a group of retailers who withdrew from a proposed antitrust settlement with Visa and MasterCard filed a new suit against the payment-card companies with several states and local municipalities joining their opposition to the card companies' interchange-fee-setting...

  • Another Class Action Suit Filed Against Credit Cards.  // Electronic Payments Week;10/4/2005, Vol. 2 Issue 38, p4 

    The article reports on an anti-trust lawsuit filed by merchant groups against Visa and MasterCard in the U.S. District Court for the Eastern District of New York over interchange rates on September 23, 2005. The merchant groups which include the National Association of Convenience Stores and the...

  • Interchange Hikes -- Do Benefits Outweigh Cost? Cantor, Matthew L. // American Banker;2/29/2008, Vol. 173 Issue 41, p10 

    The author offers opinions on whether the interchange fees charged by the credit card companies Visa and MasterCard amount to a form of price fixing which would be a violation of U.S. anti-trust law. The two firms have already been charged with violating European Union anti-trust laws. The...

  • AmEx takes to field in credit battle. Atkinson, Claire; Johnson, Bradley // Advertising Age;10/11/2004, Vol. 75 Issue 41, p3 

    Reports on the move of American Express to let banks and other financial institutions issue American Express credit cards. Refusal of the U.S. Supreme Court to hear an appeal by credit card companies Visa USA and MasterCard International of a federal antitrust lawsuit; Possible problems and...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics