AMEX Travelers Cheques & Gift Cheques
American Express (AMEX) has announced that it will no longer sell Travelers Cheques and Gift Cheques. Effective December 31, 2020, UHFCU will no longer provide these products.
What prompted the decision?
AMEX recently conducted a review of its strategy. Improved card acceptance, ATM access, and advanced digital payment options worldwide have led to declining consumer demand for AMEX Travelers Cheques and Gift Cheques. Merchant preference has generally shifted to chip-enabled payment cards as well.
What happens to …
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