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Court upholds card rulinq.

Publication: Business Travel News
Publication Date: 18-OCT-04
Format: Online - approximately 659 words
Delivery: Immediate Online Access

Article Excerpt
The United States Supreme Court this month declined further review of a U.S. Department of Justice case against Visa U.S.A. and MasterCard International, upholding a 2001 ruling that allowed U.S.-based bank issuers to offer American Express cards. Amex said the decision would bolster its opportunities for merchant acceptance, as analysts and industry watchers said it would keep pressure on Visa and MasterCard to maintain higher payments to its bank issuers, which feed directly into corporate rebates.

Although MBNA is the only U.S. issuer that, as of press time, had announced plans to work with Amex, the payment network...

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