American Express Co.’s Open small-business division has launched a national television spot that features 10 small-business entrepreneurs to demonstrate the functionality of its new AcceptPay invoice product. The ad’s subjects show how AcceptPay can help them get paid faster. In the spot, AmEx encourages small-business owners to ask their own questions about the service by logging on to OpenForum.com, an online resource and networking site for business owners. AmEx says it is planning future ads but did not disclose details.
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Federal Reserve Chair Jerome Powell told reporters Wednesday that he would remain on the Fed board after his term as chair expires next month, resolving the last and most significant open question about his departure and the onset of Kevin Warsh's leadership at the central bank.
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The Beaver State measure gives de novo banks up to $1 million per year in tax credits. Oregon lawmakers modeled their legislation on a 5-year-old Ohio law.
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The Spanish banking giant is seeing improvement in its U.S. business, which is set to expand significantly if its pending acquisition of Webster Financial gets approved.
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Expenses and foreign exchange pressured Western Union; while Visa added more blockchains to its stablecoin settlement pilot. That and more in American Banker's global payments and fintech roundup.
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Tipalti has developed a set of agentic artificial intelligence agents designed to help businesses navigate transactions and apply for refunds.
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The digital bank and lender did not increase its full-year outlook in anticipation of an interest rate freeze.
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