Supreme Court sides with AMEX in antitrust case
National Public Radio in the US reported that the US Supreme Court has sided with American Express on their policies that stop retailers from steering customers to other credit cards that charge lower swipe fees - a practice retailers say raises costs to consumers. We don’t quite agree with this – it is actually the retailers who end up paying for it. BTW: There was no mention of a surcharge restriction for AMEX, which means that retailers can easily work around the ruling by imposing surcharges. Only then will customers be impacted (and AMEX). However, surcharges will make the retailers look bad in the eyes of the customers.