American Express to acquire Revolution Money
American Express seems to be planning to take on PayPal with their planned acquisition of Revolution Money.
Revolution Money was started in 2005 by Steve Case who is also known as the founder of AOL.
This acquisition deal could be worth around USD 300 million.
Industry experts [...]

Actus targets Apple and others with a patent lawsuit
Apple is target of yet another patent related lawsuit.
Actus has filed a lawsuit against Apple and several other companies claiming that they are infringing on their patented technologies.
The lawsuit was filed in May this year in the Eastern District of Texas.
In case of Apple, Actus [...]

American Express can operate as a commercial bank
American Express has now received permissions from the Federal Reserve to operate as a commercial bank.
They received a special waiving off of the 30-day waiting period which was required for the approval.
Goldman Sachs Group Inc. and Morgan Stanley have already received similar permissions to operate as banks in [...]

MasterCard to settle lawsuit with American Express
MasterCard has announced that they are now going to settle their lawsuit with American Express.
The world’s second-largest credit-card network would be paying American Express up to $1.8 billion to settle this lawsuit.
The lawsuit claimed that MasterCard and Visa forced banks to not issue credit cards from the rival company.
MasterCard [...]