American Express Partners With More Banks
American Express continued its assault on Visa and MasterCard by partnering with more card issuing banks in December. American Express signed deals with Citibank, Bank of America Corp. and HSBC - North America Holdings Inc. What does this mean? It means these banks will be issuing American Express credit cards with their brands on them just like they do for Visa and MasterCard. Having this kind of push for their credit cards should significantly increase the reach of American Express to attract new members.