Payments News

On The Web

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Companies

Credit card companies to trim merchant fees, but retailers group ‘underwhelmed’

“Ottawa has reached voluntary, five-year deals with Visa, Mastercard and American Express that the feds expect will help small and medium-sized companies save a total of $250 million per year, says a government source familiar with today’s announcement. Starting in 2020, Visa and Mastercard will reduce the fees they collect from businesses to an average […]
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Companies

American Express Launches New Business Gold Card With Flexible Repayment Feature

“The Business Gold Card, which has an annual fee of $295, blends elements of both charge cards and credit cards. The card builds on other recent additions to American Express’ slate of products for small businesses, including the Amazon Business American Express Card launched in October. Like a traditional charge card, American Express will not pre-set spending […]
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Companies

Amex brings SME financing to UK with ezbob

“American Express (Amex) has partnered with online financing platform ezbobto offer UK SMEs competitive access to finance. Through this partnership, eligible Amex business clients will receive a referral to apply for up to £300,000 in finance from ezbob at a fixed annual interest rate from 3%.”
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Companies

PayPal and American Express expand partnership, will allow use of points for PayPal purchases

“PayPal  this week announced an expanded relationship with American Express that will allow cardholders to use their Membership Rewards points when shopping from PayPal merchants, as well as more integrated experience within both PayPal and the Amex apps, among other things. The deal is similar to those PayPal earlier struck with Visa and MasterCard., and follows a series of partnerships […]

On The Wires

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Companies

American Express and GreenSky Team Up to Fuel Business Growth Through Enhanced Digital Payments and Financing Capabilities

“The multi-faceted collaboration will enable eligible U.S. merchants within the American Express network and the customers they serve to access GreenSky’s proprietary point-of-sale financing solutions. Using GreenSky’s platform and technology, home improvement and elective healthcare merchants that accept American Express will be able to drive incremental sales by providing qualifying customers with options to finance […]
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Companies

American Express Partners With Ethoca to Simplify Transaction Disputes for U.S. Merchants and Card Members

“With Ethoca Eliminator, American Express can help prevent disputes for U.S. merchants by providing more detailed transaction information in real-time to card members who call customer service because they do not recognize a charge on their account. The Ethoca Eliminator platform retrieves transaction information from merchants who are using the tool, enabling American Express’ Customer […]
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