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Appeals court rules in favor of American Express in antitrust lawsuit

A federal appeals court ruled Monday that American Express didn't violate antitrust laws by barring businesses from steering customers to use other credit cards wither lower merchant fees.        
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American Express violated U.S. antitrust laws by barring merchants from asking customers to use one credit card over another, a federal judge ruled Thursday.

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The company has long barred merchants from encouraging customers to pay with credit cards that charge lower fees.

American Express Can Stop Merchants From Steering Clients to Other Cards

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A federal appeals court reversed a 2015 ruling that a provision in American Express’s contracts with merchants violated federal antitrust law.

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