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Wells Fargo (WFC) will issue new credit cards on the American Express network beginning in mid-2014, the two companies announced Wednesday. Financial terms of the agreement were not disclosed.
August 7 -
Until the Fed threatens to raise rates soon, commercial borrowers will take their time seeking credit, and the economy will keep plodding along, the U.S. Bancorp CEO Richard Davis says.
November 14
U.S. Bancorp (USB) in Minneapolis plans to join the American Express (AXP) credit card network by fall 2014.
The $361-billion asset U.S. Bancorp will offer American Express credit cards along with its current Visa (V) and Mastercard (MA) options, a company spokeswoman said Wednesday.
U.S. Bank customers will be able to order American Express-branded cards online, by phone or at one of the bank's 3,088 branches, according to a Wednesday
"We actively listen to our customers and are focused on delivering the right financial solutions that best meet their needs," U.S. Bank Vice Chairman Pam Joseph said in the release. "We believe that the American Express network provides a combination of benefits and services that many of our customers want."
Wells Fargo (WFC)
Bank of America (BAC), Citigroup (NYSE: C), USAA , First National Bank of Omaha, Pentagon Federal Credit Union and Barclays also issue American Express cards, according to the American Express
In the 1990s, Visa and Mastercard adopted rules that
U.S. Bancorp is the eight-largest credit card issuer by purchase volume in the U.S., according to personal-finance website
