American Express

337 results about this entity

Period: 12 Nov 2007 - 20 Nov 2024

American Express acquires EMVCo stake

American Express has joined MasterCard, Visa and JCB as an owner-member of EMVCo, the standards body set up to manage and maintain the global EMV specifications.

American Express to cut 7000 jobs; scale back technology spend

American Express is to axe 7000 jobs and scale back technology spending and other expenses as it looks to generate $1.8 billion in savings in 2009.

Discover and Morgan Stanley in dispute over settlement agreement

After reaching a $2.75 billion settlement with Visa and MasterCard, Discover Financial Services says it is in "dispute" with Morgan Stanley over the proportion of the money it should hand over to its former owner.

Visa and MasterCard settle Discover lawsuit

Discover Financial Services has settled a long running anti-trust lawsuit that accused rivals MasterCard and Visa of blocking access to the bank-issued card market in the US.

Customer bank data found on computer sold on eBay

The confidential financial data of a million UK customers has been found on a computer that was sold on online auction site eBay for £35.88.

Prepaid accreditation scheme launched to counter negative publicity

The Prepaid International Forum has launched an accreditation scheme in a bid to combat concerns over alleged money laundering, aggressive marketing and poor customer service in the nascent industry.

MasterCard pays $1.8bn to settle American Express suit

MasterCard has agreed to pay rival card operator American Express up to $1.8 billion to settle a lawsuit filed in 2004 that accused it of blocking access to the bank-issued card market in the US.

Discover seeks $6bn from MasterCard and Visa in antitrust case

Discover Financial Services is seeking $6 billion in damages in a long running anti-trust lawsuit that accuses credit card rivals MasterCard and Visa of blocking its access to the bank-issued card market in the US.

American Express ditches contactless keyring

American Express is discontinuing its Express Pay contactless payments key fob following poor customer take-up of the device.

American Express buys GE Money corporate payment services unit

American Express has signed an agreement to acquire Corporate Payment Services (CPS), the commercial card and corporate purchasing division of General Electric subsidiary GE Money, in a deal worth around $1.1 billion in cash.

HSBC, Bank of America and Washington Mutual hit most by ID theft - US study

US customers of HSBC, Bank of America and Washington Mutual have been found to suffer the highest rates of identity theft, according to research from the University of California at Berkeley.

New fears raised over contactless chip cards

Fresh concerns have been raised over the security of radio frequency identification (RFID) technology used for contactless payments after a hacking demonstration by security expert Adam Laurie at the Black Hat 2008 conference.