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Stock impact report

Amazon makes new move into credit cards [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The tech goliath just announced a new partnership with U.S. Bank and Mastercard to launch a fresh lineup of business credit cards this spring. It's not just another product launch, but a signal of a bigger strategy shift. Amazon is steadily building a financial ecosystem designed to grow the number of business customers and increase their spending inside its platform. Amazon expands fintech push with new small business credit cards Amazon (AMZN) is transitioning its small business credit card program to U.S. Bank and Mastercard, replacing its previous setup with a new, upgraded offering. The move marks the end of Amazon's eight-year co-branded relationship with American Express for its business cards. The 31-year-old company announced on the last day of March that it will launch two new cards. The Prime Business Card that gets you 5% back on Amazon purchases as a Prime member. The second is the Amazon Business Card, offering 3% back for non-Prime users. Both cards will also Show less Read more
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