“American Express announced it has opened a new Decision Science Center of Excellence (CoE) in Singapore that will deliver global data-driven solutions. The CoE will focus on data science applications in the areas of credit and fraud risk model development and production using artificial intelligence (AI), machine learning (ML), and natural language processing (NLP). “Singapore is a recognized world-leading financial and technology hub,” said Changbin Wang, Managing Director for the American Express Singapore Decision Science Center of Excellence, “Setting up a global innovation center in Singapore reflects our commitment to continue investing in this country, and we are confident the country’s exceptional and diverse talent will help fuel American Express’ next wave of innovation to better service our global Card Member base.” “American Express’ Decision Science CoE is an exciting addition to Singapore’s digital industry, presenting more opportunities for talent to apply cutting-edge research methods to solve global-scale and complex issues faced by the industry. We look forward to the exciting outcomes from the CoE which will in turn attract and groom global experts from Singapore,” said Philbert Gomez, Vice President and Head, Digital Industry Singapore (DISG). Over time, American Express is expected to expand the focus of the Center of Excellence to include cutting-edge research leading to the development of other AI, ML and NLP technology use cases to support the company’s growth aspirations.”

“American Express  announced Amex Business Link™, a new business-to-business (B2B) payments ecosystem for network issuing and acquiring participants to offer to their business customers. Amex Business Link makes managing payments easier for buyers and suppliers of all sizes by accepting card and non-card payments and supporting domestic and cross-border transactions. The new digital ecosystem is equipped with reporting and reconciliation tools and connects to all customer relationship management (CRM) and enterprise resource planning (ERP) systems that use APIs… For buyers and suppliers, the solution provides: An easier and safer way to manage their payments and connect directly with other businesses through the ecosystem; Seamless connectivity to ERP/CRM systems via APIs; Multiple payment methods including card, ACH, wire, check, etc.; Purchases and sales insights that allow companies to monitor growth; Access to dynamic reports that allow automatic reconciliation.”

“Alliance will focus on offering payment products on the American Express network through fintechs – WebBank announced today an agreement with American Express 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 its key issuing banks focused on the fintech industry.”

American Express®, the leading Small Business Card issuer in the U.S.¹, today announced American Express Global Pay – a new digital solution that enables U.S. businesses to securely² make domestic and international business-to-business (B2B) payments. Through this new digital solution, business customers can send payments funded from their business bank account to their suppliers in more than 40 countries, across a range of currencies, using a simple, mobile-friendly platform. Eligible customers can also earn Membership Rewards® points on their foreign exchange payments.³ American Express Global Pay is currently available to eligible U.S. American Express Small Business Card Members.

“American Express today 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, and at U.S. gas stations on up to $18,000 per year ($6,000 per year in purchases in each category) with 1% back on all other purchases. The Card also offers new monthly statement credits2 of up to $15 back on online purchases at Home Chef, a meal service that delivers simple and convenient recipes and ingredients to your door, and $7 back after Card Members spend $13.99 or more each month on an eligible The Disney Bundle subscription, the streaming subscription offer with Disney+, Hulu, and ESPN+. With these new benefits, Blue Cash Everyday Card Members can now access more than $250 in value annually, in addition to cash back on all eligible purchases, with no annual fee1.”

“American Express and crypto trading platform and wallet provider Abra announced the upcoming launch of the Abra Crypto Card on the American Express network Friday…“The crypto rewards will be tradable across over 100 different cryptocurrencies supported by Abra, with no annual or foreign transaction fees,” the crypto company detailed.”

“[Amex] We’re working with Google to let Card Members* convert to and save virtual card numbers (VCN) when they use Autofill on Chrome and Android. Virtual card numbers make shopping online and in Android apps safer by replacing the 15-digit physical card number with a virtual number, or token, which provides an extra layer of protection from potential fraud. Virtual card numbers also automatically populate a dynamic four-digit security code (CID), making checkout that much easier and helping to protect you from potential fraud…To get started with a virtual card number, Card Members checking out with an eligible card using Autofill on Chrome and Android will be prompted to create a virtual card number. Once a virtual card number is created, the Card Member will see the option to pay for their next transaction using their virtual card number whenever they use Autofill at checkout on Chrome or Android. During the checkout process, American Express will also generate a dynamic CID that will allow Card Members to skip the step of having to enter in the four digits displayed on the front of their card. Physical card numbers are not shared with merchants, adding an extra layer of card security.”

“American Express and Versapay, the Collaborative Accounts Receivable company, today announced a new agreement to provide suppliers who utilize the functionality of American Express virtual cards with access to Versapay’s world-class collaborative accounts receivable (AR) network of buyers and suppliers. “Business buyers are increasingly turning to virtual cards to make faster, more efficient payments while giving them flexibility and better cash-flow management. Suppliers are benefiting from these faster payments; however, the increasing volume of these transactions is making automating the receivables even more essential,” said Colleen Taylor, President, Global Merchant Services – U.S. at American Express. “Our collaboration with Versapay will enable us to offer a fully automated acceptance experience and further support our supplier network while helping to improve the B2B payments process.””

“The pitch went out to eye doctors, McDonald’s Corp. franchisees and payroll companies: “Reduce your taxable income burden to Uncle Sam.” In phone calls, emails and in-person meetings with thousands of business owners, American Express Co. salespeople laid out the strategy. Use AmEx to pay your employees and suppliers, they said. You’ll have to pay a fee, but you’ll come out ahead. That’s because you can earn rewards on the transaction that can be converted into untaxed cash, while also deducting the transaction fees for tax purposes.”

“American Express® (NYSE: AXP), the leading small business Card issuer in the U.S.3, today introduced its new Business Checking account designed for small and mid-sized (SME) businesses. This fully digital Business Checking account offers a secure, high-yield, and low fee digital banking experience with a competitive APY of 1.1% on balances up to $500,0002. The checking account connects with existing American Express Credit Cards and comes with a Business Debit Card, the first to be issued in the U.S. by American Express.”

“American Express (NYSE: AXP) and Extend, a New York City-based fintech specializing in virtual cards, announced their partnership to expand virtual Card solutions for U.S. businesses. U.S. companies with an eligible American Express Business Card can now enroll and create virtual Cards, also known as tokens, through Extend’s app or desktop login in as little as five minutes using their existing American Express Card account.”