What might sound as another distressing news for American Express Company (NYSE:AXP), Costco Wholesale Corporation (NASDAQ:COST) might go for a new U.S. card issuer for its retail stores. Earlier, the retailer ended its partnership with the credit card issuer in its Canadian stores. According to the recent news, the retailer is looking for a new…
Costco Wholesale Corporation (COST) to Stop Accepting American Express Company (AXP)’s Cards in Canada
Costco Wholesale Corporation (NASDAQ:COST) announced today that it will stop accepting cards issued by American Express Company (NYSE:AXP) in Canada starting January 1. The two long-term partners couldn’t come to an agreement after several negotiation efforts. Costco Wholesale Corporation (NASDAQ:COST) Canada’s VP of marketing and membership, Lorelle Gilpin, said, “The credit card relationship between American…