American Express

335 results about this entity

Period: 12 Nov 2007 - 16 Oct 2024

Amex cuts 550 jobs

American Express has outlined plans to "consolidate locations" within its global servicing network, cutting its workforce by around 550 positions and leading to a $113 million restructuring charge that will hit fourth quarter results.

Amex shells out EUR496m on Loyalty Partner

American Express has agreed the EUR496 million acquisition of Loyalty Partner, a marketing services outfit operating programmes in Germany, Poland and India.

American Express reward points redeemed for virtual goods

American Express is to offer cardholders reward redemptions for virtual goods and games produced by Zynga, the developer of the popular Farmville Facebook game.

Amex names Toby Eduardo Redshaw CIO

American Express has named Aviva's Toby Eduardo Redshaw as chief information officer and executive vice president, heading up the card firm's global technology operations.

Amex spends $150m on CNP fraud prevention firm Accertify

American Express has agreed to pay around $150 million for Accertify, a provider of card-not-present (CNP) fraud protection technology.

Over one billion EMV cards now active

Over a third of the world's payments cards - around one billion - are now EMV with two thirds of terminals - 15.4 million - also on the standard designed to secure transactions at the point-of-sale.

Visa and MasterCard near antitrust settlement - WSJ

The US Justice Department is set to settle an antitrust probe into card processing fees with Visa and MasterCard, according to the Wall Street Journal.

Amex targets Gen Y with social Currency - personal finance advice site

American Express has launched Currency, a personal finance advice site for "young adults" that offers blogs on spending and saving from experts, money management-related courses and an iPhone app developed with Foursquare.

AmEx hires Sprint's Schulman to drive mobile and online business

American Express has nabbed Daniel Schulman from wireless operator Sprint Nextel to head up a new enterprise growth unit that will concentrate on expanding the firm's mobile and online payments services.

OFT considers action over Visa's exclusive 2012 Olympics deal

The UK's Office of Fair Trading (OFT) is considering whether to take action over an exclusive deal between the London 2012 Olympics and Paralympic organisers and Visa which will prevent fans using other cards to buy tickets.

Heartland reaches $41.4m MasterCard settlement over data breach

Heartland Payment Systems has agreed to pay up to $41.4 million to MasterCard issuers in relation to the data breach that hit the processor in 2008.

American Express enters RBS WorldPay fray

American Express has teamed up with UK private equity firm Permira to join the battle for the Royal Bank of Scotland's WorldPay payment processing business, according to the Financial Times.