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AXP American Express Company

229.55
-2.95 (-1.27%)
Last Updated: 15:59:31
Delayed by 15 minutes
Share Name Share Symbol Market Type
American Express Company NYSE:AXP NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -2.95 -1.27% 229.55 233.35 229.13 233.26 987,663 15:59:31

Judge Orders American Express to Revise Merchant Agreements

01/05/2015 12:30am

Dow Jones News


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A federal judge ordered American Express Co. to revise its merchant agreements to allow them to steer customers to other forms of plastic payments, including debit cards.

The order implements a February ruling by U.S. District Judge Nicholas Garaufis that New York-based American Express violated antitrust laws by not permitting merchants to encourage customers to use cheaper cards. His ruling followed a bench trial last summer.

American Express reiterated that it will appeal the decision, saying it will hurt competition.

Write to Robin Sidel at robin.sidel@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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