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updated: 6/20/2013 10:03 AM

Court rules for Amex in dispute with merchants

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Associated Press

WASHINGTON -- The Supreme Court has ruled against merchants who object to having to accept American Express debit and credit cards along with the company's iconic charge card.

The justices said in a 5-3 decision Thursday that the merchants could not band together, but rather must use arbitration to resolve their claims against American Express one by one.

The case involved the merchants' effort to sue American Express in court and the company's move to force the businesses to use arbitration to resolve their claims one by one.

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