Appellate Court Rules in Favor of American Express
September 26, 2016 - American Express issued the following statement today in response to the Appellate Court's decision to uphold the Non-Discrimination Provisions in our merchant contracts: "American Express is pleased with the Appellate Court's decision to uphold the Non-Discrimination Provisions in our merchant contracts. This means consumers will be able to choose how they pay and our Card Members will not be discriminated against at the point of sale. Our Non-Discrimination Provisions in our merchant contracts remain in effect, just as they did before the trial court issued its injunction in February 2015."
The Office of the Ombudspersons is a confidential resource available to all American Express employees, contractors and vendors. They provide guidance to help surface and address work-related issues. The "Ombuds" office is independent and does not advocate for management or for the employee, but rather we are an advocate for a fair practice.
We are disappointed with the decision and plan to file an appeal because we believe the decision was wrong. The court's ruling will not provide any benefit to consumers and will, in fact, harm competition by further entrenching the two dominant networks.
We continue to believe that the Department of Justice's arguments are flawed and believe we should prevail on appeal.
October 21, 2010 -- The American Express Company third-quarter earnings
conference call included a discussion of regulatory, legislative and legal
changes affecting the payments industry. Text of the remarks by chairman and
chief executive officer, Kenneth I. Chenault. MORE
October 8, 2010 -- In a Washington Post op-ed, American Express Company Chairman and Chief Executive Officer Kenneth I. Chenault outlines the reasons why the company believes that the recently announced U.S. Department of Justice's civil antitrust case "does nothing for consumers" and "will eventually lead to less competition, not more."
October 4, 2010 -- American Express said the antitrust lawsuit filed today against the company is a significant retreat from previous Department of Justice efforts to promote competition in the payments industry.MORE