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Major credit card firms end dispute

China Daily | Updated: 2008-06-26 07:57

Major credit card firms end dispute

Kenneth Chenault, chairman and chief executive officer of American Express Co, speaks at the Raffles International Leadership Lecture in Singapore. Bloomberg News

MasterCard Inc, the world's second-biggest credit-card network, agreed to pay as much as $1.8 billion to settle a complaint that it blocked banks from issuing American Express Co cards.

Major credit card firms end dispute

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