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Accertify An American Express Company
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Read More »Opportunities Presented by Payment Facilitation Amidst Economic Recovery An American Express Webinar
Join leaders from American Express, Finix and Wave for a webinar on payment facilitation and leveraging this model amidst economic recovery. This session will cover strategies around payment facilitation, how it can benefit your merchants, and ways to leverage the model in the current economic climate. View on Demand Now!
Read More »American Express Expects Revenue Hit From Expanding Coronavirus Impacts
With the nation hunkering down to slow the spread of Covid-19, American Express Co. said Tuesday it expects its first-quarter revenues, adjusted for currency fluctuations, to grow only 2% to 4% year-over-year. In contrast, AmEx’s revenues net of interest expense rose 7% to $10.4 billion in 2019’s first quarter. In …
Read More »A Tide of Online Fraud Engulfs a Group of Businesses Surveyed by American Express
Researchers and risk-control firms have been monitoring the increase in e-commerce fraud for years, and it’s hit home for a group of merchants surveyed by American Express Co. A newly released AmEx survey that included 400 business leaders says they estimate 27% of their firms’ annual online sales are fraudulent …
Read More »American Express Posts a 10% Gain in Card-Billed Business in the Second Quarter
Fresh from its victory in the U.S. Supreme Court, American Express Co. on Wednesday said card-billed business in the more mature U.S. market and its international markets both grew by 10% in the second quarter. New York City-based AmEx reported a total of $296.5 billion in card-billed business versus $269.6 …
Read More »American Express Will Shave Its Discount Rates To Grow Merchant Acceptance
In an effort to make its cards more financially attractive to merchants, American Express Co. plans to cut its worldwide discount rate by potentially up to three times the level it had previously predicted for 2018. AmEx, generally the costliest of the major card brands for merchants to accept, typically …
Read More »Digital Channels Help a Recovering American Express Add Cardholders
Still smarting from the loss of its big cobranded card and acceptance relationship with Costco Wholesale Corp. last June, American Express Co. managed to beat analysts’ earnings estimates in the first quarter and said it has planted the seeds for future growth. As an example, AmEx said its efforts to …
Read More »American Express Puts Its Focus on Platinum Cards, Digital Marketing, and Small Merchants
By Jim Daly@DTPaymentNews The loss of its cobranded card and exclusive credit card acceptance relationship with Costco Wholesale Corp. hit American Express Co. hard in the third quarter, but AmEx’s chief financial officer on Wednesday said brighter days lie ahead as the company builds new business. The quarter ended Sept. …
Read More »Costco’s Switch From American Express to Visa and Citi Set for This Weekend
One of the biggest changeovers in the history of general-purpose credit cards is set for this weekend when warehouse retailer Costco Wholesale Corp. stops accepting American Express Co. cards and begins taking Visa Inc. cards. In an email to its customer-members this week, Issaquah, Wash.-based Costco said to “mark your …
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