MARKHAM, ON, Nov 4, 2014 /CNW/ - American Express has committed to the Government of Canada to maintain its current business model which provides merchant rates that are transparent, simple and consistent across our credit and charge Cards. We do not have an interchange model, and our pricing will continue to be based on the value we deliver to merchants.
About American Express 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 Bank of Canada is the issuer of American Express charge and credit cards, with outstanding products like the American Express® Gold Rewards Card, the American Express® Platinum Card, and the American Express® AeroplanPlus® Gold Card. Amex Canada Inc. operates the Travellers Cheque division in Canada. American Express opened its first offices in Toronto and Hamilton in 1853 and now employs 3,700 Canadians coast-to-coast. For more information, visit AmericanExpress.ca or connect with us at Facebook.com/AmericanExpressCanada and
SOURCE: American Express
For further information: Lorena Cordoba, (416) 644-2260, [email protected]