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To: Gutterball who wrote (342)	10/8/1998 9:10:00 AM
From: Richard Ormsby	Read Replies (1) \| Respond to of 468

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.