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Amex 'anti-competitive' but ruling may not help consumers

US federal judge's ruling may bring lower card company fees for retailers, but not necessarily gains for consumers
Wednesday, February 25, 2015 - 05:50
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American Express, of course, took issue with the judge's decision, saying it "would harm competition by further entrenching the two dominant payment networks, Visa and MasterCard".

New York

LAST week, a federal judge handed down a major ruling against American Express, deciding that the brand-name card issuer had engaged in anti-competitive practices for more than a decade.

The court ruled that a part of American Express' contract with merchants known as a "