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Kelly Presta

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If American Express' idea of innovation is offering products at higher prices, then it's no surprise why the company is losing out in the marketplace. How does it benefit consumers to pay more for the same product? Once again, it's clear that the only beneficiary in this litigation is American Express, not the consumer.

Testimony in court has echoed what all Americans who open their mailbox, turn on their TV or log onto their computer already know: Competition is alive and well in the credit card market.

Today's ruling was not unexpected, but what was surprising is the blatant role American Express is playing in this litigation. In their arguments today, the government's lawyers relied almost completely on American Express' woes to make their case.

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