American Express

The American Express Company, also known as Amex, is an American multinational financial services corporation headquartered in Three World Financial Center in New York City. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average.

Source: americanexpress.com

Interest Rate Hikes Threaten Higher Income Paycheck-to-Paycheck Consumers’ Card Spending
Interest Rate Hikes Threaten Higher Income Paycheck-to-Paycheck Consumers’ Card Spending
January 31, 2023  |  Credit Cards

So far into 2023, there’s been cautious optimism from payment networks on card spending. Earnings results from Mastercard, Visa, American Express and others show that...

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Lenders Prepare for Defaults as Recession Looms
Lenders Prepare for Defaults as Recession Looms
January 30, 2023  |  Economy

Banks and lenders are setting aside funds to cover loan losses out of fear of a recession. As The Wall Street Journal (WSJ) reported Monday...

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CE 100 Index Gains 5.3% as BNPL, Amex Lead the Charge  
CE 100 Index Gains 5.3% as BNPL, Amex Lead the Charge  
January 30, 2023  |  Connected Economy

Earnings season has taught us that the death of consumer spending has been greatly exaggerated.   Much depends on where you look, of course.   December’s latest...

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American Express: Card Spending by Millennials and Gen Z Soars 30%
American Express: Card Spending by Millennials and Gen Z Soars 30%
January 27, 2023  |  Earnings

Earnings results from American Express results Friday (Jan. 27th) show credit continues to be a preferred payment method among younger consumers. At a high level,...

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PYMNTS Intelligence: Slow Payments Drag Contractors’ Cash Flows
PYMNTS Intelligence: Slow Payments Drag Contractors’ Cash Flows
January 25, 2023  |  B2B Payments

Slow payments are more than a waiting game for the construction industry. They contributed to 12% of total construction costs last year, dipping into firms’...

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An Insider on Driving Business Growth by Prioritizing Payments
An Insider on Driving Business Growth by Prioritizing Payments
January 24, 2023  |  B2B Payments

Late payments threaten cash flow and project completion for construction companies, with 86% reporting late payments damage productivity. In the “B2B And Digital Payments Tracker®,”...

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86% of Construction Firms Blame Late Payments on Productivity Declines
86% of Construction Firms Blame Late Payments on Productivity Declines
January 23, 2023  |  B2B Payments

A potential housing sector recession is on the horizon, with new construction and building permits falling as homebuilder confidence has sagged to its lowest level...

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Amex and Airwallex Team to Help Businesses ‘Scale Beyond Borders’
Amex and Airwallex Team to Help Businesses ‘Scale Beyond Borders’
January 17, 2023  |  Cross-border Payments

Australia-based FinTech Airwallex says its customers can now accept American Express as a payment method. The two companies announced their partnership Tuesday (Jan. 17) in...

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Inflation Puts Pressure on Independent Grocers as Consumers Trade Down
Inflation Puts Pressure on Independent Grocers as Consumers Trade Down
January 16, 2023  |  Retail

With rising food prices, shoppers are opting for lower-priced grocery chains over locally owned favorites. This, as the latest governmental data released last week showed...

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