American Express and Astoria Federal Team Up to Offer Full Range of American Express Prepaid Products Throughout Astoria Federal
July 13 2004 - 3:30PM
PR Newswire (US)
American Express and Astoria Federal Team Up to Offer Full Range of
American Express Prepaid Products Throughout Astoria Federal's
86-Branch Retail Network LAKE SUCCESS, N.Y., July 13
/PRNewswire-FirstCall/ -- American Express and Astoria Federal, the
sixth largest thrift in the United States, today announced a joint
initiative to offer American Express(r) Travelers Cheques, Cheques
For Two(r), TravelFunds(r) Cards, Gift Cheques, and Gift Cards
throughout Astoria Federal's 86-branch retail banking network
beginning July 14. "The American Express brand has a very high
perceived value among consumers, and the synergy created by our two
companies will greatly benefit our customers throughout Brooklyn,
Queens, Nassau, Suffolk and Westchester," said Brian Edwards,
Astoria Federal Senior Vice President of Marketing. "This new
relationship gives us the opportunity to demonstrate to our
customers one more way we are 'Putting people first' by expanding
our product offerings to quickly and conveniently meet their travel
and gift purchasing needs." "Today's savvy consumers are looking
for products that offer greater flexibility, security and utility,"
said Valerie Soranno Keating, president, American Express Travelers
Cheques and Prepaid Services. "We're excited to have the
opportunity to work directly with Astoria Federal to meet the
travel and gifting needs of its customers throughout the many
communities they serve." American Express Product Features and
Benefits: * American Express(r) Travelers Cheques and Cheques For
Two(r) are accepted almost everywhere in the world and are
refundable if lost or stolen, usually within 24 hours. American
Express Travelers Cheques and the TravelFunds Card offer worldwide
passport and credit card replacement assistance, at no additional
cost, as well as American Express customer service support
worldwide 24 hours a day, 7 days a week. * The TravelFunds(r) Card
from American Express is a prepaid, reloadable card with all the
safety and security of Travelers Cheques in a convenient plastic
card. The TravelFunds Card can be used at merchants and ATMs
worldwide that accept the American Express Card. The card provides
travelers with a safe and convenient way to carry their travel
funds, including the ability to obtain a refund, usually within 24
hours, if the card is lost or stolen. The card is also reloadable
from virtually anywhere. The TravelFunds Card is not linked to a
bank account, and provides a safer than cash alternative that
provides further protection from financial theft and loss. *
American Express(r) Gift Cheques are accepted almost anywhere
through out the United States and are refundable if lost or stolen,
usually within 24 hours. * American Express(r) Gift Card is a
prepaid card that can be used at retailers and restaurants that
accepts the American Express Card for purchases throughout the
United States. The American Express Gift Card provides a convenient
gift giving experience, because you never know what they really
want. The card is safer than other gift cards because it is
refundable if lost or stolen, usually with in 24 hours. About
American Express American Express Company, founded in 1850, is a
diversified global financial, network and travel services provider.
It is a leader in charge and credit cards, financial planning,
travel, investment products, insurance and international banking.
American Express is also a leader in prepaid financial products. In
addition to the 113-year old American Express(r) Travelers Cheque
-- the preeminent brand welcomed worldwide -- the Company also
offers the TravelFunds(r) Card, Cheques for Two(r), Gift Cards,
Gift Cheques, the Be My Guest(r) dining card, as well as a range of
corporate incentive prepaid products through American Express
Incentive Services. About Astoria Federal Savings Astoria Federal
Savings and Loan Association is the wholly-owned subsidiary of
Astoria Financial Corporation (NYSE:AF). With assets of $22.7
billion, Astoria Financial Corp. is the third largest thrift
institution headquartered in New York and sixth largest in the
United States. Astoria Federal embraces its philosophy of "Putting
people first" by providing its 700,000 customers and the local
communities it serves with quality financial products and services
through 86 convenient branches and multiple delivery channels,
including its website, http://www.astoriafederal.com/. Astoria
commands the third largest deposit market share in the attractive
Long Island market, which includes Brooklyn, Queens, Nassau and
Suffolk counties with a population exceeding that of 39 individual
states. Astoria originates mortgage loans through its branches and
loan production offices in New York, an extensive broker network in
19 states, primarily on the East Coast, and through correspondent
relationships in 44 states. Federal Savings and Loan Association
DATASOURCE: American Express Company; Astoria Financial
Corporation; Astoria CONTACT: Dianne Baumert-Moyik of Astoria
Federal, +1-516-327-7863, or cell, +1-516-903-1107, ; or Stephanie
Stegich, American Express, +1-212-640-6221, Web site:
http://www.astoriafederal.com/ Company News On-Call:
http://www.prnewswire.com/comp/104529.html
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