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industry is demonstrated by the fact that cards issued by them account for roughly 75% of all credit card purchases made in the U.S. [1] American Express has the largest market share thanks to its strategy of targeting affluent customers who are The New York-based company's activities "imposed actual, concrete harms on competition in the credit and charge card network services market," Garaufis wrote in a 150-page decision. He said he will decide on remedies later. American Express shares fell 1.7 NEW YORK, Feb 20 — American Express Co violated US antitrust law by prohibiting merchants from steering consumers to use lower-cost credit cards, a federal judge ruled yesterday, in the company’s second major setback this month. The decision by US American Express Co violated U.S. antitrust law by prohibiting merchants from steering consumers to use credit cards that have lower processing costs, resulting in higher prices, a federal judge ruled on Thursday. The decision in the closely-watched case NEW YORK (AP) - American Express violated U.S. antitrust laws by barring merchants from asking customers to use one credit card over another, a federal judge ruled Thursday. The case was a major blow to American Express, who argued that its policies kept the details Serve is American Express' reloadable prepaid card account. It has been available in its current form and fee structure for about a year now. The card works just like an American Express credit card combined with a checking account. .
NEW YORK (TheStreet) -- Shares of credit card processing company American Express (AXP - Get Report) have fallen 15% year to date, trailing the broader averages by a wide margin, but despite many negatives, investors should take advantage. In fact Many retailers have partnered with Visa, Mastercard, American Express or Discover to offer credit cards that have rewards programs tied to shopping at that retailer. For example, Target offers a branded Visa card that provides a 5 percent discount on all Other credit and debit card companies, such as Visa and American Express, will follow suit with tokenization and will also support Samsung Pay, Samsung said. Major credit card companies and banks have backed Apple Pay with NFC, which rolled out last fall American Express Company (NYSE:AXP) violated U.S. antitrust law by preventing merchants from encouraging customers to use other forms of payment, including lower-cost credit cards, a federal judge ruled Thursday. The ruling is the second major setback .
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