Payments technology provider Global Payments Inc. is formally launching American Express' OptBlue small business suite in Canada, providing fuel for Amex's recovery from the loss of Costco's cobranded card business.

Amex and Global Payments have been working for several months to prepare a Canadian launch for  OptBlue, which allows acquirers to establish competitive pricing for merchants with a projected American Express charge volume of less than $500,000 per year.

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