Bloomberg – 7/3/14: American Express Co. (AXP) drives a hard bargain with businesses that want to attract its affluent cardholders: treat the card like any other form of payment despite higher processing costs if you want those customers. The lender prohibits businesses that accept American Express cards from offering incentives, such as discounts, to customers who use cards from companies that charge less to process payments, including Visa Inc. (V) and MasterCard Inc. (MA) Those all-or-nothing rules, long an irritant to business, violate antitrust law, according to the U.S.
Click here to read more: http://www.bloomberg.com/news/2014-07-03/american-express-take-it-or-leave-it-rule-goes-on-trial.html

Subscribe to the comments for this post?

Share this on Facebook

Share this on LinkedIn

Email this to a friend?

Share this on del.icio.us

Add this to Google Reader

Share this on Technorati

Seed this on Newsvine

Share this on Blinklist

Share this on FriendFeed

Add this to Google Bookmarks

Post on Google Buzz

Post this to MySpace

Share this on Plaxo

Submit this story to Propeller

Add to a lense on Squidoo

Stumble upon something good? Share it on StumbleUpon

Share this on Tumblr

Buzz up!