As a new partner, InterBanco, the leading privately-owned bank in Paraguay, will be responsible for all operations supporting the InterBanco-American Express Cards, including billing and payment systems, customer servicing, credit management, and marketing.

Since September 18, InterBanco has been responsible for adding new establishments and providing services to the American Express network of merchant establishments all over Paraguay, with the support of Bancard S.A. This new agreement enables American Express to dramatically increase the number of establishments accepting the American Express Card in Paraguay and, as a result, significantly enhance the relevance and utility of the Card to customers living in or visiting the country.

InterBanco will issue a variety of American Express credit and charge Cards, enabling customers to choose the Card that best fits their lifestyles and demands. The cards will be denominated in the local currency, guarani, and will provide a range of advantages and benefits, including 24 x 7 customer service, travel assistance services at over 2,200 American Express Travel Agencies, access to more than 550,000 ATMs worldwide, purchase protection insurance, automatic travel insurance and rental car insurance. Members will also be able to enroll in the Membership Rewards® Program, earn points through their purchases, and redeem them for a wide range of benefits at first-class establishments both locally and internationally.

The servicing of American Express Cardmembers with Cards issued abroad will continue to be handled by Inter-Express, a long-standing affiliate of the American Express Travel Services Network.

The launch of the new American Express-InterBanco Cards will be supported by a major communication campaign, featuring segments of the global American Express advertising campaign, “My Life, My Card.”. The campaign features well-known international personalities, such as Tiger Woods, Kate Winslet, Andy Roddick and Venus Williams.

With 17 branches, InterBanco has become one of the main banks in the Paraguayan financial market. It is strongly positioned in the personal and corporate markets, offering innovative products and services that stand out because of their technology, quality and convenience. Through this alliance, the bank adds to its portfolio exclusive American Express-branded products and provides its customers with the best and widest range of alternatives.

“It is an honor for Interbanco to establish an alliance with a global Partner as prestigious as American Express,” said Claudio Yamaguti, President of InterBanco.

“We are delighted to be working with InterBanco, one of the strongest financial institutions in Paraguay, to issue American Express-branded Cards and affiliate merchants to our network,” said Sebastián Nuñez Castro, Director, American Express Global Network Services. “The launch of our strategic partnership with InterBanco represents a substantial step forward for our strategy to grow the global American Express network. Through this new agreement, we will be able to supplement the world-wide service and global strengths of the American Express brand with the local experience of a Partner such as InterBanco, and offer superior value to customers in the Paraguayan market”.

About American Express
American Express is a worldwide diversified travel, financial and network services company. Founded in 1850, it is a worldwide leader in charge and credit cards, Travelers Cheques, travel services and international banking.

Since 1996, the Company has implemented an aggressive strategy to open its merchant network and card product portfolio to other issuers all over the world. By leveraging its infrastructure and the American Express brand, the Company aims at becoming the world's premier global network and expand its reach to customers all over the world. American Express GNS has established partnerships with over 100 issuers in 120 countries.. In Latin America, it has signed agreements with 26 issuers in 20 countries.

About InterBanco
Interbanco, established in 1978, is part of the Unibanco Group (Uniao de Bancos Brasileros S.A.). It has 17 Branches. One of the most important banks in the Paraguayan financial market, it reaches both the consumer and corporate markets, and focuses in international trade. It offers a great array of new and innovative products, with first-in-class technology.

With 110.000 clients, it is positioned as the most important credit and debit card issuer in Paraguay.