They seem to be responding well to Amex’s 40 product revamps this year, shrugging off higher annual fees
American Express is expanding Amex Offers, which allows advertisers to serve card holders tailored deals. The expansion comes on the heels of Chase and PayPal launching financial media networks (FMNs), a trend we expect will continue.
The company is setting itself up for long-term growth, but the looming threat of the swipe fee battle remains
It may be an olive branch for Gen Zers and millennials who may be upset over its decision to stop accepting Amex. It’s a win for Venmo’s monetization journey
The annual charges increased across all six cards, but Amex is hoping the enhanced rewards will offset the added consumer costs
A tie-in with PayEm will help businesses more easily manage their spending, which should appeal to firms trying to cut costs.
The neobank launched the Ultra card, which offers travel, lifestyle, and investment perks. But stiff competition will pose a challenge.
Proximity mobile payments are finally reaching a critical mass of users, fueling spending growth. While it will slow in the coming years, providers are capitalizing on growth by building multifunctional ecosystems that expand their captive audience and tighten relationships.
It will use AI for transaction approval, predictive analytics, and customer experience tools
Consumer device and behavior trends are affecting payment providers’ strategies across retail, P2P, B2B, disbursement, and cross-border channels. Here’s what that means for the payments ecosystem.
Despite slower spending growth, both companies managed to pull in more customers—positioning them well in the long term.
Nipendo specializes in B2B payments automation, which can help Amex attract new business and compete more aggressively.
Amex Business Link lets suppliers accept card and noncard payments and cross-border transactions. We break down how it can help Amex attract more issuing partners.
The firm is piloting a process that lets prospective cardholders apply with only a soft credit check.
The card, issued by Celtic Bank and powered by i2c, will be Square’s first foray into small-business credit cards.
Three NYC pensions filed shareholder proposals to Mastercard and Visa asking them to establish clearer standards for tracking gun sales.
American Express Global Pay helps meet demand for all-in-one payment solutions as SMBs digitize.
The partnership will let brands launch digital co-branded cards that operate on Amex’s network and integrate Amex Offers and other perks.
The updated version offers more generous rewards for purchases at US gas stations and online purchases. We weigh whether that’s enough to capture consumers’ attention.
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