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American express News

American Express to use blockchain for cross-border payments

American Express has announced it will accept blockchain payments for some cross-border transactions. The company has partnered with Santander and Ripple to enable the trial for business customers on its FXIP platform. It will offer instant payments.

Costco's switch to Visa from Amex hits unanticipated challenges

Issaquah - If it isn't one thing, it's another complicating discount retailer Costco's switch to Visa-branded credit cards from American Express.

Op-Ed: Latest company earnings reports, median stock figures and more

The median stock in the US has been flat for 2015. That is actually a big improvement from about one month ago when the median stock was down 8%, so we’ve seen a nice rally, but at the current pace we are on track for the worst performance since 2008.

Target CEO: Banks need to issue chip-based credit cards in U.S.

With the FBI now warning all retailers on similar breach possibilities, Target CEO Gregg Steinhafel is refocusing attention on the need for chip-based credit card technology adoption in the United States.

Twitter is now also digital money

An integration system between American Express and Twitter allows people to pay items they buy online with special #hashtags.

Walmart, American Express set to launch prepaid, checking account

Bentonville - Walmart has partnered with American Express to launch Bluebird, a prepaid card and debit account. This initiative is targeted to low-income consumers, who are aiming for fewer fees, bill payments and mobile access.

American Express to cut 4,000 jobs

American Express plans to eliminate 4,000 jobs or approximately 6 per cent of its workforce; the weakened economy has caused higher customer defaults.

American Express Will Pay You $300 to Close Account

If you have an American Express card then the company will give you a $300 prepaid card for free if you close your account and pay all the balances in full.

U.S. bank credit cards and the moving due dates scam

Many banks have deliberately designed billing systems to periodically generate payment due dates that are 5 to 6 days earlier than normal in an effort to catch automatic bill payers in a missed due date scam.

American Express Won't Leave Without Theirs

With the U.S. Treasury tapping into the $700 billion Troubled Asset Relief Program (TARP) to the sum of $350+ billion, American Express finally expressed their concern about getting some help.
 

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