American Express Says It Will Start Working In Cuba
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NEW YORK (CBSMiami/AP) — American Express said it will start operating in Cuba.
The move comes after the Obama administration lifted a ban on U.S. banks and credit card companies operating on the island.
The New York company did not say on Tuesday when people could use American Express cards in Cuba. American Express currently has no terminals set up or merchant relationships there.
MasterCard Inc. last week became the first major U.S. credit card company to say it would start handling U.S. card transactions in Cuba. Visa Inc. did not immediately respond to a request for comment on Tuesday.
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