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Manufacturers of bank cards have fought in court

June 25 2008
20:19

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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