Undercard Bout – American Express prepares for 12 rounds with the DOJ

Anand Goel was quoted in an article by Andrew Deichler in the AFP Exchange December 2010 issue
American Express is lacing up its gloves and preparing to do battle with a fairly formidable opponent: the U.S. Department of Justice.

In an attempt to crack down on credit card companies that it feels hold too much of a monopoly on the industry, the DOJ filed an antitrust lawsuit against the three largest networks—Visa, MasterCard and American Express—for prohibiting merchants from offering discounts, rewards and information about credit cards to consumers.

To continue reading the article and see Anand’s comments, click here.



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