credit cards

Credit card fraud is a concern for all Americans, and with the introduction of EMV chip cards, counterfeit fraud at U.S. retailers has seen a decline. Despite the efforts of the major credit card companies and their EMV chip requirements, fraud has continued to rise as a whole, specifically at the gas pump. While the deadline for retail merchants to make the change to EMV enabled equipment or face a shift in...

In this Ohio v. American Express Ohio has asked the Supreme Court to offer guidance on its “rule of reason” test under antitrust law. The “quick-look” version of this test requires the government to show anticompetitive harms and the defendant to show procompetitive benefits. The party proving greater harms or benefits wins. This case is relevant to states because 11, including Ohio, have sued American Express claiming one of its contract provisions with merchants accepting American Express credit cards violates the Sherman Act (antitrust law).  

American Express charges merchants who accept its credit card higher fees than its competitors. American Express’s standard contract non-discriminatory provision (NDP) requires merchants to not say or imply that they prefer any payment method over American Express.