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Fintech investors, including Goldman Sachs, see opportunity in Mexico; firm’s growth in lending could be a problem if economy goes south.
March 14 -
As president of enterprise strategic partnerships at American Express, McNeal has been right in the middle of developing the technology and use cases for Amex to advance in a digital and virtual payments world.
March 12 -
The upstart lenders have been chipping away at credit cards’ consumer-lending dominance by offering fixed-rate loans with predictable repayment plans. Now the card giants are fighting back.
March 8 -
The Securities and Exchange Commission rejected the banks' arguments that the proposals amounted to shareholder micromanagement and that they have made ample disclosures.
February 26 -
Arjuna Capital is filing shareholder proposals with 11 financial and tech companies to uncover median gender pay gaps, which it said would determine if more women are concentrated in lower-paying jobs.
February 13 -
Though banks are generating more revenue from interchange and annual fees, those gains have been offset by declines in income from cash advances and late fees.
February 5 -
American Express and Bill.com have launched a system to handle the accounts payable process plus the ability to pay vendors through virtual account numbers.
February 5 -
All-in-one cards often fail, but the fintech's attempt to change that narrative includes a premium card with added benefits.
January 28 -
A 2017 agreement with Marriott International that kept the hotel chain's card portfolio with American Express and JPMorgan Chase will take a brand marketing turn in February, but leave both issuers as partners.
January 23 -
Even though American Express received pre-approval to provide transaction settlement services in China more than a year ago, it is playing the waiting game to get those wheels in motion amid a fiery political climate.
January 18 -
The units that handle small business payments and the one for larger firms will be combined; survey shows U.K. consumers may shun loans.
January 18 -
American Express Co. is pulling out the big bucks to keep its stronghold on premium credit-card users.
January 17 -
The unit is under investigation by federal agencies for misrepresenting pricing; investment bankers are looking at a possible 15-20% drop in bonus money.
January 9 -
A director in the foreign-exchange department of American Express has been suspended, as the card brand continues to investigate pricing practices in that division of the company.
January 8 -
Mainstream payment companies are quickly siding with fintechs to dilute the weight of paper on accounts payable and supply chains. American Express is pushing change by making it less of an ordeal.
December 7 -
Visa Inc., American Express Co. and Mastercard Inc. are among firms being investigated by Brazilian regulators over some rules governing use of payment networks.
November 16 -
Amazon is rightfully thought of as an e-commerce juggernaut, but the company's latest move — opening additional headquarters in the New York and Washington, D.C. areas — has drawn attention to how its presence changes the physical world.
November 16 -
American Express' progress with local officials in China regarding card payments provides a potential early advantage against rivals like Mastercard and Visa. But building a market in China has never been easy for a global card brand.
November 9 -
Right on the heels of securing a partnership with Amazon to benefit small business owners, American Express is launching a new Business Gold Card designed to reward spending in key categories and offer extra management tools.
November 8 -
American Express' VC wing is taking efforts to solidify its position in two sectors that are quickly maturing: APIs for small businesses and digital travel concierge services.
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