American Express Co. reported first-quarter 2024 revenue of $15.8 billion, up 11% from the same period last year, and billed business of $367 billion, up 6%. Net income grew 34% to $2.44 billion. Affinipay, a payments platform specializing in the legal and accounting professions, said it has expanded its LawPay and …
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Eye on Travel: AmEx’s New Virtual Card Integration for Small-Business Travel and Expenses; IHG Hotels Endorses Grazzy for Digital Tipping
American Express Co. unveiled on Monday a new virtual card integration with AmEx Global Business Travel’s Neo1 platform for travel and spending management. And digital-tipping software developer Grazzy Inc. said IHG Hotels and Resorts has named it as an approved partner for providing tips to hotel employees electronically. The AmEx …
Read More »PayPal Intros New Guest Checkout; AmEx’s Post-Pandemic Boost; Plus Weekly Recap
AmEx Posts Strong Numbers As It Looks to Add Card Features And Cardholders
American Express Co. reported record revenue and record earnings early Friday as it posted a fourth-quarter 2023 performance that the company says proves it has put the languor of the pandemic behind it. “Looking back over two years, we have achieved what we set out to do. We are a …
Read More »Nuvei Teams Up With AmEx To Bring Open Banking Technology To Its U.K. Merchants
The big processor Nuvei Corp. extended its reach into open banking Thursday through an agreement with American Express Co. to sell AmEx’s Pay with Bank transfer open-banking solution. Pay with Bank transfer (PwBt) enables consumers to pay for purchases directly from their bank account online or in-store. The partnership comes …
Read More »An Early OK for Proposed CFPB Open Banking Rule; Record Revenue at AmEx; Plus Weekly Recap
AmEx Puts Its Pandemic Exposure Firmly in the Past
Card companies with a heavy exposure to travel and entertainment spending took a beating during the pandemic, but that’s ancient history now so far as American Express Co. is concerned. The T&E giant early Friday reported its sixth consecutive quarter of record revenue, backed by strong cardholder spending and new …
Read More »Eye on Crypto: NFTpay Enables NFT Purchases With AmEx and Discover; Ferrari To Accept Crypto
NFTpay, a Miami-based purchasing solution for non-fungible tokens, is accepting American Express and Discover cards for purchase of NFTs. These are assets that have been tokenized via a blockchain and assigned unique identification codes and metadata that distinguish them from other tokens. With NFTpay’s credit card purchasing solution, consumers can …
Read More »PayPal Makes Good on Apple Pay Vow; Eye on AmEx; Ripple Gets Singapore OK
Eye on AmEx: PayNearMe Adds Accertify’s Anti-Fraud Tech for iGaming; A New Gold Business Card
PayNearMe Inc. is beefing up the fraud-fighting capabilities of its MoneyLine iGaming and sports-betting platform via an integration with Accertify Inc., a subsidiary of American Express Co. The integration will enable iGaming and sports-betting operators to reduce fraudulent withdrawals from iGaming accounts by confirming an accountholder’s identity prior to a …
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