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Tag: American Express


Activity, Retail Banking

Will the Amazon-Visa dispute spill over to other credit card companies?

November 30, 2021

Via: Payments Dive

The spat between retail juggernaut Amazon and card giant Visa over credit card fees levied in the U.K. may have ramifications for rival credit card companies such as Mastercard, American Express, and Discover, according to analysts. At issue in the […]


Channels

Is finance ready for the super-app revolution?

November 5, 2021

Via: Banking Dive

Nearly one-third of small businesses have changed financial service providers in 2021, according to survey data from American Express’s Small Business Recovery Report. The top-cited reason for switching was convenience: The new provider offered multiple financial solutions within one company. […]


Activity, Retail Banking

American Express outpaces rivals in digital satisfaction: J.D. Power study

June 14, 2021

Via: Payments Dive

J.D. Power’s study measured overall satisfaction with banking and credit card digital channels based on navigation, speed, visual appeal and information and content. The study, which was conducted in March and April, is based on responses from 17,011 retail bank […]


Activity, Corporate Banking, Regulations

US federal agencies probe Amex’s SME and consumer cards sales practices

February 16, 2021

Via: FinTech Futures

Amex received a grand jury subpoena from the United States Attorney’s Office for the Eastern District of New York related to its small business cards sales practices, according to Business Insider. The Consumer Financial Protection Bureau (CFPB) is also seeking […]


Activity, Investment Banking

American Express Cut at Bank of America on Lower Travel Outlays

September 23, 2020

Via: TheStreet

American Express (AXP) – Get Report shares fell Wednesday after Bank of America Securities analyst Mihir Bhatia downgraded the credit card and travel services company to underperform from neutral and trimmed his share-price target to $95 from $106. “Bank of […]


Activity, Trading

Stocks making the biggest moves in the premarket: Verizon, American Express, Honeywell, Mattel & more

July 24, 2020

Via: CNBC

Verizon (VZ) – Verizon reported quarterly profit of $1.18 per share, 3 cents a share above estimates. Revenue beat forecasts as well. Verizon said it experienced a negative impact from Covid-19, which hurt wireless service and ad spending revenue. American […]


Channels

American Express breaks into China’s payments market

November 9, 2018

Via: Banking Technology

According to CNN, the Chinese central bank has given Amex preliminary approval to handle payments in yuan today (9 November). The firm can now start setting up the payments network through a joint venture with LianLian Group, its Chinese partner. […]


Uncategorized

American Express launches new Business Gold Card with flexible repayment feature

November 8, 2018

Via: Market Watch

American Express AXP, +2.22% on Thursday announced a new card for small businesses that aims to provide them more flexibility over their spending. The Business Gold Card, which has an annual fee of $295, blends elements of both charge cards […]


Retail Banking

Citigroup escalates credit-card wars with boost to top card’s dining, air travel rewards

October 23, 2018

Via: CNBC

The big banks’ credit-card wars are heating up again. Citigroup, one of the largest issuers of U.S. credit cards, is revamping the rewards structure for its top-tier card to compete with offerings from J.P. Morgan Chase and American Express, according […]


Activity, Trading

Don’t Put American Express Stock on Your Credit Card

January 19, 2018

Via: TheStreet

First quarterly loss since 1992. 1992? The year hair metal was replaced by grunge? The year the World Series left the U.S.? Yup, but there is a caveat. The firm took a $2.6 billion fourth-quarter charge related to the tax […]


Retail Banking

Amex Creates New Tools to Entice Debt-Wary Consumers

September 1, 2017

Via: Bank Innovation

American Express has tailored new features aimed at luring more budget-conscious consumers into taking on credit card debt. The features, announced yesterday, include an option that allows users to separate bigger financial transactions from smaller, everyday purchases — separating the […]


Retail Banking

Amex offers credit card users new ways to pay

August 31, 2017

Via: Banking Exchange

In a bid to add appeal for millennials, American Express has introduced two new options for paying with selected credit card accounts. With “Pay it” users can pay at point of sale with their mobile app and decide to have […]


Activity, Investment Banking, Retail Banking

InComm to buy Serve platform, become exclusive Amex prepaid distributor

August 25, 2017

Via: Banking Technology

American Express and InComm have entered into an agreement for InComm to acquire the exclusive distribution rights of Amex’s prepaid reloadable and gift card products in the US, including Bluebird and Serve, reports Banking Technology‘s sister publication Paybefore. InComm also […]


Retail Banking

American Express shares rise after report of potential sale

March 8, 2016

Via: Reuters

American Express Co shares rose more than 1 percent on Monday after Fox Business News reported that the credit-card company might be acquired by Wells Fargo & Co or another financial firm. Read More on Reuters