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Amid an ugly environment for credit, MasterCard(MA Quote) and Visa(V Quote) have thrived.
Fresh off a successful antitrust fight against the two rivals, American Express(AXP Quote) will continue its efforts to emulate one of their main drivers for success: the bank-issued credit card business.
American Express, which had alleged the two companies had conspired to keep it out of the bank-issued card space, settled with MasterCard for $1.8 billion Wednesday. That comes on top of its earlier $2.25 billion settlement with Visa in November. ...
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