MBNA Debuts American Express-Branded Cards

NEW YORK – Credit card issuer MBNA Corp. on Friday began rolling out its new American Express-branded cards, a move that American Express chairman and chief executive Kenneth Chenault described as the first step in a “transformation in the payments industry in America.”

The credit cards — which MBNA is offering to alumni associations, professional groups and recreational organizations — are the first under a deal announced by the two companies last January.