Arguing its fees are too steep, eBay is dropping American Express (Amex). The online marketplace will stop taking Amex as a payment option beginning Aug. 17, the company said in a statement provided to PYMNTS Wednesday (June 5). “At a time when payment processing costs...
American Express (Amex) has teamed with travel and expense software provider Emburse. According to an Amex news release on Tuesday (May 21), customers can now connect their card programs to Emburse Spend to issue virtual cards, a payment option that replaces a physical card number with a...
Younger, affluent consumers are showing notable resilience when it comes to spending on experiences and travel — and using their credit cards to do so. To that end, Amex said Friday (April 19) that the majority of its account openings have been from Gen Z...
American Express Global Business Travel (Amex GBT) agreed to acquire global business travel and meetings solutions provider CWT for $570 million. The planned acquisition would offer CWT’s 4,000 customers access to the Amex GBT ecosystem and create about $850 million in revenue, the companies said in a Monday (March 25)...
July 17, 2024
If a business doesn’t meet its customers’ needs, its competitors will be happy to. That’s increasingly the reality for businesses today. In an era where consumer expectations around convenience and personalization are at an all-time high, digital loyalty programs have emerged as a component for businesses looking to stay competitive while capturing greater customer lifetime […]
December 21, 2023
Surpassing all expectations, consumers turned up in record numbers for this year’s Black Friday weekend, the traditional kickoff to the holiday shopping season in the United States. The five-day weekend,...
November 20, 2023
Automating accounts payable (AP) and accounts receivable (AR) can provide a crucial edge for mid-size firms. Most that have done so report increased efficiency and enhanced cash flow. Data further...
November 16, 2023
Midsize firms anticipate that making and receiving payments will become even more of a core necessity very soon. On average, firms expect a 50% increase in payments made and a...
June 05, 2024
Arguing its fees are too steep, eBay is dropping American Express (Amex). The online marketplace will stop taking Amex as a payment option beginning Aug. 17, the company said in a statement provided to PYMNTS Wednesday (June 5). “At a time when payment processing costs should be declining because of technological advancements, investments in fraud […]
May 21, 2024
American Express (Amex) has teamed with travel and expense software provider Emburse. According to an Amex news release on Tuesday (May 21), customers can now connect their card programs to Emburse Spend...
March 25, 2024
American Express Global Business Travel (Amex GBT) agreed to acquire global business travel and meetings solutions provider CWT for $570 million. The planned acquisition would offer CWT’s 4,000 customers access to the Amex GBT ecosystem...
March 14, 2024
Ryft, a payment platform for marketplaces and digital platforms, has partnered with American Express. “We are now enabling our merchants within the UK to accept payments from Amex Cards,” Ryft said...