American Express and USAA Announce Card Issuing Alliance
American Express and USAA have announced an agreement to offer American Express and USAA-branded charge and credit cards in the US. USAA will be the card issuer and manage customer relationships, credit management and customer service. The first cards are expected to be issued in the second quarter of 2006.
Separately, American Express announced that it had dismissed USAA from its antitrust litigation against Visa, MasterCard and a number of major US banks.
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