SmartMetric Patent Infringement Defendants Visa Inc and MasterCard International Have Been Accused of Being a Duopoly by American Express

SmartMetric, Inc. (otcqb:SMME) — American Express stated yesterday in Court filings that Visa and MasterCard are a Duopoly. In its defense before the Court in an antitrust case brought against it by the US Department of Justice, American Express said that Visa and MasterCard are a duopoly that have in the United States market, over 1 billion credit cards between them.

 Reference: SmartMetric Patent Infringement Defendants Visa Inc and MasterCard International Have Been Accused of Being a Duopoly by American Express

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