15 Nov 2004
Amex is suing Visa and Mastercard

And good for them: they should win handily. The misdeeds of VISA/MasterCard actually go beyond the scope of this suit: they'll cut your merchant rate if you agree not to accept AmEx - and pay big bucks for credit "exclusives". This kind of behavior is generally frowned on by the courts - and it should be more strictly enforced in a lot of other areas as well. For example, when was the last time you saw a eatery serving both Coke and Pepsi?

This kind of stuff is one of my pet peeves - could you tell?

American Express is suing credit card giants Visa and Mastercard, accusing them of anti-competitive practices.

(link) [BBC News | World | UK Edition]

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