American Express

As Mastercard, Discover and American Express all plan to drop signature authentication at the point of sale, Visa is largely mum on the topic. But does it really need to weigh in?

American Express is falling in line with Mastercard and Discover in eliminating the signature requirement for authorization on all card transactions at the point of sale, starting in April of 2018.

In a rare show of public support for a security technology, the banks are leading a $40 million funding round for Menlo Security, provider of browser technology that keeps malware at bay — and they’re using it, too.

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.