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InComm acquires US distribution rights of American Express prepaid business

InComm Inc. acquired the distribution rights of American Express Co.'s prepaid reloadable card and gift card products in the U.S., CSP Daily News reported April 25.

InComm also bought from American Express its serve technology platform, offering prepaid debit accounts, according to the news outlet. InComm is the program manager and processor, while American Express will remain the issuer and network for all products involved in the deal, the news outlet added.