American Express

Neobanks pose latest threat to prepaid card issuer Green Dot


Earlier this decade, a boom in low-cost prepaid cards undercut the firm's business model. Now the fiercest competition is coming from venture capital-backed startups that offer accounts with no overdraft fees.


After taking a body blow from Sapphire, Amex is reaping the benefits


While American Express initially lost customers after JPMorgan Chase introduced the popular Sapphire Reserve premium card in 2016, the firm said it's seen a 60% increase in growth in Platinum accounts.


Amex's immigrant assist, the Libor void, bank failures: Top stories of the week


New tech lets American Express instantly issue cards to immigrants; the end of Libor raises concerns about financial stability; regulators shutter banks in Kentucky and Ohio; and more from this week's most-read stories.


New tech lets American Express instantly issue cards to immigrants


Newcomers to the U.S. tend to have a hard time getting credit cards because they lack credit history here. Amex has deployed technology from a fintech, Nova Credit, that could change this.


Huntington names Visa executive as its new chief financial officer


Zachary Wasserman will succeed Mac McCullough, who is retiring at the end the year.


Mnuchin urges Goldman, Amex to help small banks win contracts


Treasury Secretary Steven Mnuchin has told large U.S. financial institutions including Goldman Sachs and American Express they should do more to help black- and women-owned community banks win federal contracts.


Card issuers’ new focus on installment lending misses the point


Issuers like Chase and Citi that added installment features to compete with digital lenders will need to think beyond traditional card options.


Amex fires 10 in forex pricing case; Santander will fight Orcel


The workers charged customers incorrect currency conversion rates; Santander plans to defend its decision to not hire Andrea Orcel if he sues.


Small-business fintech launches lending platform for banks


Biz2Credit is offering its Biz2X platform to all banks after gaining HSBC and Popular Bank as clients.


Banks should welcome fee-busting AI, fintech says


Cushion uses AI to help consumers negotiate refunds of overdraft and other fees. But it argues there's a bank play in its technology if bankers take the long view.