Tagged: american express

Kabbage Small Business Recovery Report Indicates Year Over Year Revenue Nearly Doubled. But Can it Continue?

Kabbage, an online lender operated by American Express, has published its periodic Small Business Recovery Report – its 7th installment. The survey queried 550 small business leaders which indicate that year-over-year revenue, between July 2021 and July 2022, almost doubled (87%) while profits remained flat…. Read More

WebBank, American Express to Expand Credit Card Issuing

WebBank has announced an agreement with American Express (NYSE: AXP) “to become a card issuer and participant in the American Express network.” The collaboration allows WebBank “to issue credit card and payment solutions that include American Express benefits.” American Express selected WebBank “as one of… Read More

American Express Introduces Cross-Border Payment Solution for US Small Businesses

American Express (NYSE: AXP), the Small Business Card issuer in the U.S., has announced American Express Global Pay – a digital solution that enables U.S. businesses to securely “make domestic and international business-to-business (B2B) payments.” Through this new digital solution, business customers can “send payments… Read More

Cardless to Introduce Co-Branded Credit Cards via American Express Network

Cardless, a financial technology firm, announced a new agreement with American Express (NYSE:AXP). The agreement “empowers some of the country’s most celebrated brands – including travel providers and retailers – to seamlessly launch digital-first cards leveraging the Cardless platform, backed by benefits, offers, and security… Read More

American Express Enhances Blue Cash Everyday Card with New Benefits

American Express (NYSE:AXP) has launched the “refreshed” Blue Cash Everyday Card with “new online shopping rewards, credits for streaming and cooking at home, and a sleek new Card design.” Blue Cash Everyday now “offers 3% cash back on U.S. online retail purchases, at U.S. supermarkets,… Read More

Abra and American Express Partner on Crypto Card

Abra has announced a partnership with American Express (NYSE:AXP) to offer a card that provides for crypto rewards. Similar to traditional perks, the Abra Crypto Card will allow users to get crypto back on any purchase on the American Express Network. Abra is accepting emails… Read More

Fintech Open Source Foundation (FINOS) Adds New Members: Google Cloud, Société Générale, Others

The Fintech Open Source Foundation (FINOS), the financial services umbrella of the Linux Foundation, recently confirmed the addition of new corporate members, “including Google Cloud, Société Générale, American Express, Point72, Mirantis, and The Digital Dollar Project.” Building upon its 19 new Members in 2021 and… Read More

American Express and Billtrust to Offer Suppliers a Solution to Accounts Receivable Challenges

American Express Company (NYSE: AXP) has announced a collaboration with Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments firm, in order to “enable suppliers to streamline acceptance of American Express virtual cards.” With this integration, suppliers will have the ability “to automate… Read More

Fintech Firm Bread Financial Launches Consumer Credit Card with Assistance from American Express

Bread Financial (NYSE: BFH), a technology-forward financial services firm that offers “simple, personalized” payment, lending and saving solutions, has announced the launch of a new consumer credit card – the Bread Cashback American Express® Credit Card. Bread Cashback “offers unlimited 2% cash back with no… Read More

American Express Increases Speed for Fintech Firms to Issue Cards on Amex Network, Supported by i2c

American Express (NYSE:AXP) and i2c Inc, a provider of virtual payment and banking tech, announced an expanded global, multi-product agreement that will enable Fintech firms and financial institutions around the world “to develop and scale innovative payments solutions for consumers and businesses on the American… Read More

American Express has Reportedly Filed Trademark Applications to Register Services in the Metaverse

American Express (NYSE: AXP) has reportedly filed trademark applications in order to register its official name, logo, as well as its slogans for a range of banking services in the Metaverse. In an applications submitted this month, reviewed by Metaverse trademark attorney Michael Kondoudis, Amex… Read More

American Express, Mastercard, Visa Halt Operations in Russia

American Express (NYSE:AXP), Mastercard (NYSE:MA), and Visa (NYSE:V) have all halted operations in Russia following the country’s unprovoked invasion of Ukraine. The news of the three card issuers disabling services has followed global sanctions being applied by Russian President Vladimir Putin and his rogue regime…. Read More

Finmark Announces New Investment Led by American Express Ventures

Finmark, the financial modeling software provider for startups, has announced new funding from American Express Ventures, which is the strategic investment group of American Express (NYSE: AXP). Amex Ventures joins several other existing investors, which reportedly includes Draper and Associates, Bessemer Venture Partners, and IDEAfund… Read More

American Express Chief Exec Says Digital Assets like Bitcoin, Ethereum Aren’t Really a Currency

American Express (NYSE: AXP) Chair and Chief Executive Stephen Squeri seems to have been proven right for his careful approach to introducing digital currency services via the payment company’s platform. In statements shared with Yahoo Finance, Squeri remarked: “What I’ve said from the beginning is… Read More

Fintech: Research Indicates that 9% of Teens Have Traded Crypto, PayPal is Top BNPL Option, Cash is King for Payments

Piper Sandler, a financial services firm based in Minneapolis, has surveyed teens for more than 20 years. The company researches trends regarding brand purchases and activities that may aid in discerning the rising or declining popularity of the firms that provide these products. CI recently… Read More

American Express Introduces Business Checking Accounts for US based SMEs

American Express (NYSE: AXP) has introduced its Business Checking account intended for SMEs operating in the US. This all-digital Business Checking account aims to provide a secure, high-yield, and low fee virtual banking experience with a competitive APY of 1.1% on balances of up to… Read More

Hacked Crypto, Payments Account Costs on the Rise

The value of hacked PayPal accounts has surged in 2021, while verified cryptocurrency accounts will cost you a pretty penny, research analyzed and originally published by wette.de reveals. In September, such an account was worth 9.2 cents for every dollar in the account. That is… Read More

American Express Introduces Expense Management Tool in United Kingdom

American Express (NYSE: AXP) has introduced AmexExpense, an all-digital expense management tool for companies. Currently available for all UK Business Gold and Platinum cardmembers, the free-to-download app is aimed at simplifying the expense administration process by eliminating the requirement to hold onto paper receipts and… Read More

Kathryn Petralia, Co-Founder of Kabbage Discusses Amex Acquisition: “We are coming from a position of strength”

In mid-2020, Kabbage, one of the best-known online lenders for SMEs in the US, was acquired by American Express (NYSE:AXP). At that time, co-founders Rob Frohwein and Kathryn Petralia said this was their first time sitting in the seat of the entrepreneurs selling a company… Read More

Mexico’s Credijusto, a Tech-Enabled SME Lender, Partners i2c to Offer Seamless Credit Services

i2c Inc., a provider of virtual payment and banking tech, reveals that it has teamed up with Credijusto, a technology-enabled SME lender in Mexico. Through the partnership, the firms will offer seamless credit services for the nation’s SMBs via the Covalto American Express credit card… Read More

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