Amex adopts the Code of Conduct for the Credit and Debit Card Industry

TORONTO, May 14 /CNW/ - Amex Bank of Canada ("Amex") announces its adoption of the Code of Conduct for the Credit and Debit Card Industry. The Code is designed to set a level playing field for all participants in the Canadian payments industry and to ensure full transparency and choice for merchants - principles to which Amex lends its full support.

Amex will continue to work with the Department of Finance and the Financial Consumer Agency of Canada to ensure that the Code is interpreted and applied consistently. Amex is committed to ensuring that its Cardmembers and Merchants continue to have access to the convenience, choice and services they have come to expect from them.

About American Express in Canada

American Express in Canada operates as Amex Bank of Canada and Amex Canada Inc. Both are wholly owned subsidiaries of the New York based American Express Travel Related Services Company, Inc., the largest operating unit of the American Express Company. Amex Bank of Canada is the issuer of American Express Cards in Canada. Amex Canada Inc. operates the Corporate Travel, Travel Services Network and Travellers Cheques divisions in Canada. American Express opened its first offices in Toronto and Hamilton in 1853 and now employs 3,700 Canadians coast-to-coast.

For further information: For media information contact: Jessica Myers, American Express Canada, [phone], [email protected]