American Express

Neobanks pose latest threat to prepaid card issuer Green Dot

11/08/19

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.

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

11/05/19

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.

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

11/01/19

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.

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New tech lets American Express instantly issue cards to immigrants

10/25/19

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.

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Huntington names Visa executive as its new chief financial officer

10/18/19

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

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Mnuchin urges Goldman, Amex to help small banks win contracts

09/06/19

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.

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Card issuers’ new focus on installment lending misses the point

08/09/19

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

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

07/24/19

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

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Small-business fintech launches lending platform for banks

05/21/19

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

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Banks should welcome fee-busting AI, fintech says

05/07/19

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.

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