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Mark Silverman, Helio L. Magalhaes.
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Santo Domingo.- The bank Progreso renewed its exclusive agreement with American Express credit cards for the latter’s Centurion Line products in Dominican Republic, consolidating its position in the local financial market with the world class plastic.

The agreement was signed by Progreso president Mark Silverman, American Express Global Services Network vice president and general manager Helio L. Magalhaes, and American Express Global Services Network vice president for Latin America and the Caribbean, Carlos Pascual.

Silverman, speaking in a cocktail with local American Express executives and corporate clients in the restaurant Olivo, thanked American Express for the renewed confidence in Progreso’s continuing representation of the prestigious brand. “This is an accomplishment which boosts us as a bank with a competitive strength that sets us apart in the local financial market, since we are offering a credit card that counts on an innovative proposal of value for our clients.”

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COMMENTS
9 comment(s)
Written by: JDJones, 2 Jun 2011 11:10 AM
From: Dominican Republic
Now, if only American Express could get more businesses to accept their cards. I'd use my 2 AMEX cards a lot more - - - - if I could...
Written by: lovingit, 2 Jun 2011 3:12 PM
From: United States, Delaware
@JDJones,

They can't get enought businesses to accept their card because theri interchange rates are easily 2-3% higher than Visa and MasterCard. If they were to come closer to the V/MC figure, then more businesses would be willing to accept their card, and the loss in interchange % would be more made up in the long term in volumes as more and more businesses accept the card. Discover Card figured it out, not sure why Amex hasn't it.
Written by: JDJones, 2 Jun 2011 3:20 PM
From: Dominican Republic
Yep, I know why, I don't understand why they don't do anything about it.
Written by: JimHarrington This user is banned, 3 Jun 2011 10:38 AM
From: United States
Great credit card for the narco trade. It adds prestige,
Written by: CreditCards, 21 Jun 2011 2:02 AM
From: Philippines
It's cool that Amex is launching it's own prepaid credit cards, but unless there are some serious rewards tied to it, I'd rather just use my debit card.
Source: http://www.creditcards.org/articl....s-own-prepaid-card-800529916.html
Written by: SmatsGroup, 10 Aug 2011 12:23 AM
From: Singapore
Good for the american express they will surely gain from this pact.
http://smats.net/Company/AustralianTaxationServices.aspx
Written by: ccproducer, 11 Aug 2011 8:48 AM
From: Philippines
I'm looking for the best rewards <a href="http://www.creditcards.org/ ">credit cards</a> I can find. Does anyone have any good ideas?
Written by: JohnPhillips, 18 Aug 2011 9:13 AM
From: Singapore
It's quite good to hear that Amex is launching its own prepaid credit cards, but except there are some severe rewards tied to it.
http://tinyurl.com/3tfeyz5
Written by: balancetransfers, 2 Feb 2012 5:20 PM
From: United States
Do Dominican credit cards offer balance transfers and 0% rates like American cards do. For example, http://www.smartbalancetransfers.com/0-apr-balance-transfers/
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