Walgreens Decides to Continue to Accept American Express
Bloomberg News reports that Walgreens said Friday that it will continue accepting American Express cards, reversing a decision it announced last month.
Walgreen was too high-profile of a merchant for American Express to lose," said David Robertson, publisher of the Nilson Report, a trade journal for credit card executives. "They probably lowered the fee Walgreen pays to accept American Express transactions and maybe agreed to some other cross-promotional deal."
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