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Amex Motions Denied in Potential Class Action Lawsuit

U.S. District Judge Mary S. McElroy has ruled against two motions made by American Express regarding a federal antitrust lawsuit brought on behalf of more than 5,000 merchants by 5-Star General Store, a convenience store in Pawtucket, Rhode Island. The suit (5-Star General Store v. American Express Co., U.S. District Court for the District of Rhode Island, Case No. 1:24-cv-00106) alleges that American Express had violated antitrust law by prohibiting businesses from encouraging customers to use payment cards that have lower transaction fees. Amex argued that the merchants should be required...

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December 2024
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Charts in this Issue

Card Fraud Worldwide–Fraud Losses Inside and Outside the US
Fraud by Type of Card 2023 with Change vs. 2022
Projected Card Fraud Losses in Basis Points and Dollars 2021 through 2033
Card Fraud and Total Volume Worldwide 2000 through 2023 YOY Increases/Decreases
150 Largest Credit Card Issuers Worldwide
Global Card Acceptance Locations 2018 through Midyear 2024
Merchant Acceptance Locations—As of June 30, 2024
Spending on US Commercial And Consumer Cards
Global Brand General Purpose Cards Midyear 2024 with Change vs. Midyear 2023