American Express Revenue Sets New Record in Latest Quarter, Up 13% to $15.4 Billion

Latest News, American Express, Financial News

American Exprеss announced its sixth consecutive quarter of record revenue on October 20, 2023. The third-quarter earnings report for American Exprеss rеflеcts thе company’s sustained upward trajectory, with a notable 13% revenue increase from thе samе pеriod last year, totaling a rеcord $15.4 billion. Let us analyze the growth in American Express revenue in the …

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Chinese Fintech Firm, Ant Group, Forced to Postpone Record IPO

American Express, Chargebacks, contactless payments, Coronavirus, Customer Service, E-commerce, General Articles, Latest News

China made a surprising decision when they postponed Ant Group Co.’s IPO. The decision caused Hong Kong shares to plummet and made investors wonder about the financial future of the fintech company. The postponement came after a meeting between one of Ant’s founder and Chinese regulators. The Shanghai Stock Exchange also removed the company from …

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AmEx Offering Incentives to Boost Card Acceptance

American Express, Payment Processing

To keep up with Visa and Mastercard, American Express is offering sign-on bonuses to companies to offset start-up costs. Ranging from $10,000 to nearly $500,000, American Express sign-on bonuses are part of an effort to close the gap of the 1.3 million more U.S. locations accepting Visa and Mastercard in 2018 than those accepting American …

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American Express Announces E-Commerce Bank Transfer

American Express, Industry News

Starting later this year, American Express is offering online shoppers a brand-new way to pay retailers directly from their bank account, in real-time, without the need to use a debit or credit card in hand. The new service, which will be offered to bank account holders in the U.K., even those without an American Express …

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American Express Launches Express Go

American Express, contactless payments

American Express has officially launched American Express Go, a virtual payments solution to streamline business expenses. Express Go offers Virtual Card numbers for in-person transactions. The program is designed to be a digital solution for medium to large companies that need a more efficient way to handle business expenses for employees and temporary workers who …

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New OptBlue Pricing

American Express, Credit Card Processing, Credit Cards

If you work in the hospital, government or education industry it is important that you know OptBlue has changed their pricing. As a result, more merchant services can take advantage of what the company has to offer. There are now wholesale fees charged to merchants in government and education. When it comes to education and …

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New American Express Pricing to Reduce Merchant Costs

American Express, Merchant Services, Payment Processing

American Express has announced a fundamental change to its business model in a move that is designed to increase acceptance of American Express cards. Historically, Amex has attempted to position itself as a premium credit card issuer which has come with higher credit card processing fees than other card issuers. This was based on the …

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Pretentious Amex Branding Does Not Entice Millennials

American Express, Credit Cards, Emerging Trends

Membership may have its privileges, but American Express is finding out that members of the Millennial Generation do not consider feeling snooty as a privilege. As a credit card and as a symbol of refinement by means of wealth, American Express has long been associated with the moneyed class and the jet set, and this …

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Amex Changes EMV Chargeback Policy

American Express, Chargebacks, Chip Cards, EMV, Payment Processing, Security

The transition to chip cards, or EMV (Europay, MasterCard and Visa chip technology) hasn’t been an easy one for merchants to adopt. In order to ensure that they are compliant with new rules, merchants have had to upgrade credit card processing systems in order to accept the new chip cards. Failure to do so leaves …

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