AmEx Piloting Condo Downpayments

American Express has announced a pilot program under which its cards will be accepted for making downpayments on condominiums.The New York-based company said The Moinian Group, a New York-based real estate firm, will be the first to roll out the program. American Express noted that it launched a program of card acceptance for recurring payments at luxury rental properties in 2003, and that The Moinian Group began accepting AmEx cards for rental payments soon after the launch. "Our cardmembers around the country have embraced the benefits of monthly rental payments on the card," said Kyle Curtin, vice president of strategy and business development at American Express. "Downpayments on the card bring the convenience and rewards to an entirely new level." The companies can be found online at http://www.americanexpress.com and http://www.moiniangroup.com.