American Express Targets Mid-Market Clients With Online Trading Service
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NEW YORK -- American Express Bank is targeting the middle market US corporate sector with a new online FX service. The bank launched American Express International Payment Services on November 12 to provide low-volume clients with access to a 24-hour dealing service at minimal cost.
The online service covers 41 currencies and allows US firms to make foreign currency payments directly from their accounts to those of payees.
The service is linked to the bank's FX trading unit, which supplies current
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