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Technology Stocks : WAVX Anyone? -- Ignore unavailable to you. Want to Upgrade?


To: Marty Lee who wrote (4130)10/8/1998 11:13:00 AM
From: Pat Pending  Read Replies (2) | Respond to of 11417
 
Marty

In an antitrust lawsuit filed in U.S. District Court in
Manhattan, the government is seeking to break up the joint
ownership of Visa and MasterCard, the nation's two largest
credit-card networks, by the same group of major banks.
The government charged that the banks' control of both
networks has stifled competition between Visa and MasterCard,
and thwarted rivalry from smaller networks such as American
Express and Discover.
The government said consumers have suffered because the
dominance of Visa and MasterCard has choked off efforts to
develop and market new products and services, such as
"smart cards" with computer chips that store personal
information and provide access to cash, and secure INTERNET TRANSACTIONS

Pat