AMERICAN EXPRESS’S EFFORT TO GAIN MORE BUSINESS FROM PROCESSING THE TRANSACTIONS OF WEALTHY CUSTOMERS
NEW YORK (Reuters) – American Express Co has shaped a corner try with a French oppulance offered site vente-privee.com, which will enhance a lender’s e-commerce commercial operation whilst opening a web site to American consumers.
Ownership of a code brand new try will be similarly separate in between American Express and- vente-privee.com, a companies pronounced upon Thursday. Further monetary sum were not disclosed.
The try is an additional step in American Express’s bid to benefit some-more commercial operation from estimate a exchange of rich customers, generally around code brand new record similar to online and- mobile commerce. The credit label association lends but delay to consumers, though it additionally competes with Visa Inc and- MasterCard Inc to routine credit label exchange for banks.
Last year, American Express hired longtime mobile senior manager Dan Schulman to lead a record enlargement efforts.
Schulman pronounced in a proclamation which AmEx was captivated by vente-privee.com’s “heritage in a oppulance market” as well as importance upon patron service.
Like Gilt Groupe in a United States, vente-privee.com sells engineer products during bonus prices to members of a web site. Such sites concede conform houses to sell additional register during vast discounts but deleterious their brand, by offered to a singular organisation of people.
Launched in 2001, vente-privee.com says it has about thirteen million members and- has sole some-more than $1 billion value of products to European consumers. Private-equity organisation Summit Partners paid for a twenty percent interest in a association in 2007.
American Express shares were down about 1 percent to $49.32 in late Thursday morning
Yunico 13 May, 2011--
Source: http://www.digdod.com/american-expresss-effort-to-gain-more-business-from-processing-the-transactions-of-wealthy-customers-1031953.html
~
Manage subscription | Powered by rssforward.com
