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Financial News USA
Sep 3


American Express to launch consulting unit
News - Financial News
--(www.FinancialNewsUSA.com)-- 11/20/2009 - Credit Services industry news provided by Financial News USA. American Express Inc. (NYSE:AXP) said Thursday it is starting a consulting unit to help business clients analyze customers' spending trends.

The credit card company based in New York said American Express Business Insights will use data from its payment network to aid in business planning and marketing. The data will examine patterns on about 90 million cards. Analysis will be done only on an aggregate level, without disclosing individuals' information to merchants, American Express said.

The data will serve "as the foundation for analyzing consumer, small business and corporate spending patterns," American Express said.

The division will be folded into American Express' Global Merchant Services unit.

Shares of American Express fell 65 cents, or about 1.6 percent, to $40.92 in midday trading. About Financial News USA

Financial News USA is a Next Generation Financial Communications firm focused on the distribution of market moving news. Financial News USA has developed leading edge e-publishing tools including programming proprietary RSS feeds and enabling open source press release publishing across its network. Financial News USA has been aggressively expanding its news distribution network by targeting direct feeds to financial news and data providers such as FinancialContent, Yahoo (NASDAQ: YHOO), among others. Financial News USA offers a free news feed available online (www.financialnewsusa.com) to websites and financial services looking for content and for individual investors looking to stay informed on the financial markets. Financial News USA and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.financialnewsusa.com.
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