Debit Cards

AMEX Loses Antitrust Lawsuit. What Does That Mean For Consumers?

After a lawsuit filed over 4 years ago by the US justice department, the ruling came down this morning that American Express had lost in court. The crux of the lawsuit was that the DOJ thought the major credit card issuers (American Express, VISA and MasterCard) were restricting merchants and discouraging competition with such rules as prohibiting merchants from offering incentives to customers to pay with a debit card or credit card that would result in lower fees for the merchant. American Express isn’t as large as VISA and MasterCard […]