American Express signs a licensing agreement with Versatile Card Technology to allow VCT to produce clear payment cards for other card issuers.
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American Express recently announcing a licensing agreement with Versatile Card Technology that will allow VCT to produce clear payment cards for other card issuers. American Express is the owner of numerous patents covering clear credit cards and the processes and components needed to manufacture them.
Under the American Express patents, VCT is licensed to make cards that are truly clear and transparent, employing the same patented technology used in AmEx’s own credit card products.
AmEx first issued its transparent credit card, Blue from American Express, in Australia in 2001. Subsequently, the company introduced Blue as the first truly clear, transparent credit card product in the U.S. in 2002.
At present, AmEx is using the technology for Blue, Blue Cash from American Express and several other card products.