American Express posted earnings results on Thursday (Jan. 17) after markets closed that missed the Street, as merchant and services revenues were both below expectations, and write-offs tied to its lending business grew. Specifically, card member loan provisions were $679 million, up 21 percent from last year....
Payments company Wirecard is broadening its existing partnership with Spendit to launch employee spend and benefits solutions across Europe, beginning with the expansion of its SpenditCard in the market. In an announcement on its website, Wirecard said it will begin issuing the SpenditCard, which offers...
September 05, 2019
Commercial and consumer cards issued in the U.S. generated $6.13 trillion in spending for goods and services in 2018, The Nilson Report said in a press release Thursday (Sept. 5). Commercial card spending is up 11.7 percent, compared to consumer card spending, which grew by 10.1 percent. Commercial card spending was $1.39 trillion last year. […]
January 18, 2019
American Express posted earnings results on Thursday (Jan. 17) after markets closed that missed the Street, as merchant and services revenues were both below expectations, and write-offs tied to its lending business...
