A punch-up in plastic. (competition between Visa and other credit card companies in Western Europe)
Economist (US), The, June, 1996
Visa is attempting to dominate the Western European market by preventing its member banks from working with smaller credit card issuers such as American Express. Of all the larger issuers, Amex has had the most difficulty keeping up with competition.
LONDON AND NEW YORK
EXECUTIVES in the credit-card business are accustomed to competitive punch-ups. Lately, however, the blows have been particularly ferocious. The latest tussle involves efforts by Visa, the world's largest card association, to quash its competitors in Western Europe by preventing its member banks from working with smaller card groups, such as American Express. The affair highlights not only the intensity of the plastic wars, but also the role regulators could play in the battle.
Given the...
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