American Express

The Office of Financial Research said the failure of a large financial institution could still ignite a crisis; hotel chain plans to use both issuers for its credit cards.

America’s largest lenders made an epic mistake a decade ago when they cashed out of Visa and Mastercard through initial public offerings, says Chenault, who will step down in February as CEO of American Express.

The payment contract extensions call on both Chase and Amex to offer new products for consumers and businesses.

TruSight will assess, validate and monitor vendors on behalf of the consortium, which is expected to expand.

For years, American Express has analyzed the more than $1 trillion in annual purchases taking place on its closed-loop network to better advise clients to formulate marketing programs.

American Express Canada is launching a digital payment solution that replaces plastic cards with virtual account numbers.

American Express will launch its next generation of online authentication system, SafeKey 2.0, early next year with support for biometrics technology and mobile commerce.

President Trump is expected to announce his Fed chair nominee this week; three deals earned JPM's boss almost $100 million.

Business payments are notoriously resistant to automation and innovation, though there are some signs of digital processing showing up in the education and science market.

Payments company reports double-digit increases in both profit and revenue; card company faces intense competition.