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.
Steve Squeri said Amex’s card business has been unshaken by widespread market concerns.
The issuer plans to attract more SMEs and younger consumers while upping its tech capabilities ahead of a credit card inflection point.
Amex added Plan It to Delta’s checkout, giving the airline another BNPL option for its customers while letting Amex reroute volume to its cards.
Tapping into high-demand sectors lets Amex start a long-term engagement pipeline, grab younger users, and improve competitive positioning.
On the company’s earnings call, CEO Steve Squeri added color to the issuer’s performance and addressed popular trends like BNPL and cryptos.
As they return to the roads, skies, and seas, many travelers are also revisiting how to get the most mileage out of their credit cards.
Nova Credit transfers immigrants’ credit histories into the US financial system so Amex can reach a hard-to-tap consumer segment.
Amex said total network volume grew 4% compared with Q3 2019, and it experienced substantial growth in billed business.
PayPal users can make offline transactions using the wallet’s QR payment codes on select United flights—and Amex made it easier for customers to add their cards to PayPal.
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