“In the latest app update, American Express has added a feature which allows sending money via Paypal or Venmo from within the AmEx app with no additional fees. Typically, when using a credit card on Paypal/Venmo there is a 2.9% fee, but with this new Amex Send Account feature you’ll pay no fees.”

“American Express today announced that it has entered into an agreement to acquire substantially all of Kabbage, a leading financial technology company providing cash flow management solutions to small businesses in the U.S. The transaction represents an important step toward American Express’ goal of being an essential partner to small businesses through a broad range of payment, cash flow and financial management tools.”

“International Airlines Group (IAG), the owner of British Airways, has inked a multi-year agreement to extend its global partnership with American Express. Under the agreement, American Express agreed to pay IAG Loyalty nearly £750m ($955m) as the latter grapples with a cash crunch amid Covid-19 pandemic. The agreement involves the pre-purchase of Avios points that American Express will use for its British Airways co-branded cards and rewards programme.”

“American Express Co. reported a large drop in second-quarter profit from a year earlier as the credit-card company logged provisions of $1.6 billion to cover potential credit losses. That provision rose from $861 million a year earlier and the increase “primarily reflected the deterioration of the global macroeconomic outlook,” American Express said. The company said the Covid-19 pandemic significantly affected results in the quarter. …”

“American Express, which has a long history of backing small businesses, today announced its largest-ever global Shop Small Campaign, that includes a commitment of more than $200 million over the next several months to help jumpstart spending at small merchants1, many of which were impacted by COVID-19.”

“With the nation hunkering down to slow the spread of Covid-19, American Express Co. said Tuesday it expects its first-quarter revenues, adjusted for currency fluctuations, to grow only 2% to 4% year-over-year. In contrast, AmEx’s revenues net of interest expense rose 7% to $10.4 billion in 2019’s first quarter.”

“American Express Co. cleared a key hurdle in its bid to accessing China’s $27 trillion payments market after the central bank accepted its application to start a bank card clearing business.    The People Bank of China made the announcement on its official Wechat account Wednesday, without giving more details. The decision to accept the application signals that it’s moving closer to final approval.”

“American Express Co. wants more businesses to accept its cards. So it is paying them—sometimes in amounts approaching a half-million dollars. The company is offering sign-on bonuses to some businesses that don’t take its cards in a bid to catch up to rivals Visa Inc. and Mastercard Inc. The payments range from under $10,000 to about $450,000.”

“Issuer and acquirer American Express Co. said its global third-quarter discount rate—what merchants pay to accept the brand’s credit cards—was 2.39%, a slight increase from 2.38% a year ago. The uptick comes more than a year after AmEx said it would shave its worldwide discount rate in an effort to boost merchant acceptance. The effort, according to the company’s third-quarter results released Friday, bore out, at least for a time, as its fourth-quarter 2018 average discount rate dipped to 2.36%, its lowest point in the past year. AmEx does not divulge its discount revenue or rate by region. Its discount revenue of $6.57 billion increased 6.3% from $6.18 billion a year ago.”

“American Express Co. is rolling out a new corporate-card program for startups after newcomers like Brex Inc. have had success in grabbing a slice of the market. The cards will be available in coming months, offering full corporate liability without requiring founders to provide a security deposit or personal guarantee, New York-based AmEx said Thursday in a statement. New technology allows AmEx to see a startup’s bank balance to let fledgling firms qualify for cards, said Anna Marrs, president of global commercial services.”

“American Express will move into account-to-account rooms so that UK consumers can pay for goods and services online and on the move, directly from the bank account. Launched later this year, Pay by Bank Transfer will be a real-time payment option available through Open Banking APIs for current UK bank account holders, regardless of whether they are American Express card members. The move acts as a bulwark against the entry of payment from account to account in the credit card company, and reflects similar recent initiatives by rivals Mastercard and Visa.”

“American Express Co.  is terminating foreign-exchange employees and refunding money to nearly 200 customers after it found salespeople misrepresented pricing to customers. The company on Tuesday began mailing out reimbursements totaling about $1.6 million to forex customers, an AmEx spokeswoman said. It also terminated 10 employees in the foreign-exchange international payments department and is retraining 28 others, she said.”

“American Express (NYSE:AXP) is refreshing its popular Blue Cash Preferred® Card with a suite of new valuable benefits to further reward Card Members for their everyday routines. Beginning May 9, 2019, new and existing Blue Cash Preferred Card Members will receive 6% cash back on select U.S. streaming subscriptions and 3% cash back on transit purchases, in addition to the rich 6% Cash Back on U.S. supermarkets (on up to $6,000 in purchases) and 3% cash back at U.S. gas stations that currently come with the Card.”

“Higher card-member spending and borrowing helped boost revenue at American Express, despite higher expenses from its rewards program and loans. Higher operating expenses helped drive profit lower in the first quarter.”

“American Express (NYSE:AXP) today announced the launch of American Express Go, a new digital solution to help mid-sized and large companies efficiently handle business expenses for temporary workers, recruits, and employees without Corporate Cards. American Express Go features a Virtual Card that can be used online or over the phone, and has the option for the virtual numbers to be printed on companion plastic Cards for in-person payments everywhere American Express is accepted.”