American Express

Amex targets Square, PayPal in small-biz lending

10/12/17

In the digital age, a lot has changed about how businesses operate — and a lot of new data is being generated in the process. American Express is tapping into this data for instant credit decisions.

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Amex releases mobile feature in bid to challenge personal lenders

08/30/17

The Pay It Plan It feature allows customers to create payment plans for individual purchases, similar to personal loans. The plans include a fixed fee and no interest.

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Amex settles with CFPB; Japan's largest bank targets U.S.

08/24/17

The credit card issuer paid $95 million to settle charges it offered inferior terms to customers in American territories; Mitsubishi UFJ wants to become a top 10 U.S. bank.

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Amex charged higher rates and fees in U.S. territories, CFPB says

08/23/17

American Express charged higher interest rates and annual fees to cardholders in Puerto Rico, the U.S. Virgin Islands and other U.S. territories than in the U.S., the CFPB said Wednesday.

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Social media: It’s not just for chasing consumers anymore

08/18/17

Interactive Facebook ads and Twitter chats can complement — and sometimes outdo — traditional marketing and networking in the recruitment of commercial clients, financial institutions say.

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Card rewards give banks a rare achievement — happy customers

08/17/17

Credit card issuers have been trying to outdo each other to offer the best rewards program. And it shows, as customer satisfaction rates with many (but not all) of their banks have never been higher in a yearly J.D. Power study. But they may not last forever.

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Big banks kick small-business lending into high gear

08/09/17

The largest banks are approving small-business loan applications at the fastest rate since the recession, a sign that that they are willing to assume more risk and taking seriously the threat of competition from online lenders.

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American Express connects to Abra’s bitcoin wallet

07/25/17

American Express is giving its card customers an easy way to transact in cryptocurrency.

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Amex’s profits fall following loss of Costco deal

07/19/17

Though a 33% decline in net income was attributable to large one-time gains that the credit card issuer recorded in the second quarter of 2016, Amex faces major challenges in the pursuit of growth opportunities.

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Hope for banks as Justice Department punts on swipe fee case

06/07/17

The Trump administration is stepping away from the government’s 7-year legal fight with Amex that centers on retailers’ right to encourage the use of particular cards. The decision is good news for issuers of credit and debit cards, though it is hardly the last word on the case.

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