Payments News

On The Web

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Companies

Amex Launches Digital Receipts to Reduce Buyer Confusion

“The explosion of digital commerce during the pandemic has triggered a surge in calls from consumers to card issuers and merchants seeking more details about purchases appearing on card statements. Some unrecognized purchases could be fraudulent in the current environment, but many are legitimate and American Express is attempting to make it easier for consumers […]
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Companies

American Express Acknowledges DOJ Review of Card Sales

“American Express Co. acknowledged Friday that government agencies, including the Department of Justice, have reviewed the company’s sales practices regarding small-business cards. The company said in a regulatory filing that in May it began responding to a regulatory review led by the Office of the Comptroller of the Currency and the DOJ’s civil division. AmEx […]
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Companies

WSJ News Exclusive | Federal Investigators Probing AmEx Card Sales Practices

“Federal investigators are probing business-card sales practices at American Express Co., according to people familiar with the matter. The inspectors general offices of the Treasury Department, Federal Deposit Insurance Corp. and Federal Reserve are investigating whether AmEx used aggressive and misleading sales tactics to sell cards to business owners and whether customers were harmed, the […]
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Companies

American Express Dives Deeper Into Crypto With Trading Platform Investment

“American Express Co. ’s venture arm has invested in the FalconX cryptocurrency trading platform, another sign that large financial services providers are tiptoeing into the digital-asset sphere. The credit-card provider didn’t disclose the amount invested in the San Mateo, California-based startup, which raised $17 million in May from the likes of Accel, Coinbase Ventures and […]
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On The Wires

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Companies

American Express and Resy Launch – Order In, Help Out Campaign – to Boost Restaurant Takeout Sales

“American Express (NYSE: AXP) and Resy today launched a national campaign with a simple message: Order In, Help Out. As part of the Order In, Help Out campaign American Express and Resy are rallying consumers across social media to make #TakeoutTuesday a weekly occurrence. In addition, to help encourage Card Members to order out, American Express is introducing […]
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Companies

American Express and Uber Expand Partnership to Introduce New Offerings for Platinum, Gold & Green Card Members

“American Express (NYSE: AXP) and Uber today announced an exclusive new offer for U.S. Consumer Platinum, Gold and Green Card Members and an Uber Cash benefit for Gold Card Members to bring their next at-home dining experience right to their doorstep and support the local restaurants in their communities. Starting today, U.S. Consumer Platinum, Gold […]
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Companies

American Express to Acquire Kabbage

“American Express today announced that it has entered into an agreement to acquire substantially all of Kabbage, a leading financial technology company providing cash flow management solutions to small businesses in the U.S. The transaction represents an important step toward American Express’ goal of being an essential partner to small businesses through a broad range […]