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Manufacturers of bank cards have fought in court

June 25 2008

Famous manufacturer's credit cards MasterCard and American Express «met in the courtroom. The case was heard about the oppression of one of the firms other - the company is not shared leadership in the market. The court verdict - to punish the attacker.

In court in 2004 asked American Express - due to the fact that the company's MasterCard and Visa card issuing prevented American Express. After examining all the circumstances of oppression, MasterCard Inc. - The second-largest credit-card - was sentenced to pay a fine of 1.8 billion dollars over three years, the company American Express.

Representatives of the winning side has already declared that they would use the proceeds from MasterCard as a backup in case of non-payment of debts of borrowers, which will also help us to overcome an outbreak of domestic credit crisis, reports Bloomberg.

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