- American Express Canada launches 'FX International Payments' -
MARKHAM, ON, Feb. 10 /CNW/ - American Express Canada today announced the
launch of a new online foreign exchange payment solution for Canadian
businesses. American Express FX International Payments (FXIP) allows
clients to make foreign currency transactions at competitive rates and
with the convenience, security and control of 24/7 online service.
"For many small and medium sized businesses, navigating the volatile and
complex global foreign exchange market can be as challenging as
learning a foreign language," said Jeff Gladwish, Director, FXIP,
American Express Canada. "Our clients have told us they're looking for
cost-effective and efficient ways to transact internationally, so we've
put over a century of foreign exchange expertise to work in designing a
solution that gives our clients the support and tools they need."
With FXIP, businesses can be confident that they are getting a
competitive exchange rate thanks to American Express' purchasing power
and financial expertise. And with the company's ongoing investment in
global technology, FXIP offers customers a simple, convenient and
tailored way to manage worldwide payment needs, supported by a secure
online platform to provide important protection.
FXIP's comprehensive suite of foreign currency solutions offer
significant benefits that include:
Competitive live exchange rates on more than 110 currencies
An online, convenient and secure payments platform available 24 / 7 that
enables the management of all transactions in one place
Ability for American Express Cardmembers to earn Membership Rewards
points on foreign exchange transactions at a rate of 1 point for every
A secure online platform which can be tailored to individual business
Access to Foreign Exchange Specialists to ensure businesses receive
Rate alerts via e-mail or SMS to notify subscribers when a specific rate
for a chosen currency becomes available
Clients can also make transactions over the phone and benefit from FX
specialists who are equipped with the technology and experience needed
to understand the FX market.
"Our launch in the Canadian market is in direct response to significant
growth we are seeing in the international payments industry. As our
customers are looking for competitive leading-edge financial solutions
to keep their businesses moving forward, American Express also provides
them with the brand name and reputation for service excellence which
are especially important in uncertain times," Paul Hargreaves, Vice
President and General Manager, Global Foreign Exchange Services.
For more information on FX International Payments from American Express
About American Express in Canada
American Express in Canada operates as Amex Bank of Canada and Amex
Canada Inc. Both are wholly owned subsidiaries of the New York based
American Express Travel Related Services Company, Inc., the largest
operating unit of the American Express Company. Amex Canada Inc.
operates the Corporate Travel, Travel Services Network and Travellers
Cheques divisions in Canada. American Express opened its first offices
in Toronto and Hamilton in 1853 and now employs 3,700 Canadians
coast-to-coast. Amex Bank of Canada is the issuer of American Express Cards in Canada and is a leader in charge and credit cards, with outstanding products like the American Express(r) AeroplanPlus(r) Card, and the American Express(r) Gold Rewards Card.
Visit us on Facebook at: Facebook.com/americanexpresscanada
SOURCE American Express
For further information:
Maggie Dunlop, on behalf of American Express, 416-644-2263, email@example.com
Amanda Betti, American Express Canada, 905-474-7903, firstname.lastname@example.org