“[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.”

“With more people shopping online, in February we rolled out Digital Receipts , a feature that gives U.S. Card Members access to additional information about their purchases with specific merchants, such as the merchant name and logo, order number, date of order, items purchased, details of cost and merchant description.   Today, we are expanding the feature to provide Card Members who shop on Amazon increased purchase information about their recent orders with the retailer. With the new Digital Receipts for Amazon purchases, Card Members will be able to see detailed information on their order including the specific items purchased, the order number and even delivery details.”

“American Express has two new fintech partnerships it’s marketing for customers interested in home loans. It’s the latest perk for cardholders and another example of financial institutions partnering with start-ups to offer customers a fuller suite of services or additional perks outside of the scope of the firm itself, an AmEx spokeswoman confirmed Wednesday to CNBC.”

“American Express Co. is seeing consumer spending start to normalize as Covid-19 vaccinations pick up in the U.S. Spending in travel and entertainment categories rose 40% in March from February and bookings through American Express Travel jumped by 50% in the first quarter compared with the fourth quarter, Chief Financial Officer Jeffrey Campbell said in an interview Friday. Mr. Campbell said the number of people signing up for the company’s co-branded cards with Delta Air Lines Inc. rose 90% in the quarter compared with the fourth quarter.”

“The explosion of digital commerce during the pandemic has triggered a surge in calls from consumers to card issuers and merchants seeking more details about purchases appearing on card statements. Some unrecognized purchases could be fraudulent in the current environment, but many are legitimate and American Express is attempting to make it easier for consumers to confirm transactions they made with the rollout of Digital Receipts.”

“American Express Co. acknowledged Friday that government agencies, including the Department of Justice, have reviewed the company’s sales practices regarding small-business cards. The company said in a regulatory filing that in May it began responding to a regulatory review led by the Office of the Comptroller of the Currency and the DOJ’s civil division. AmEx said the review was connected to “historical sales practices relating to certain small business card sales.””

“American Express (NYSE: AXP) and Resy today launched a national campaign with a simple message: Order In, Help Out. As part of the Order In, Help Out campaign American Express and Resy are rallying consumers across social media to make #TakeoutTuesday a weekly occurrence. In addition, to help encourage Card Members to order out, American Express is introducing new dining offers on many of its cards.”

“Federal investigators are probing business-card sales practices at American Express Co., according to people familiar with the matter. The inspectors general offices of the Treasury Department, Federal Deposit Insurance Corp. and Federal Reserve are investigating whether AmEx used aggressive and misleading sales tactics to sell cards to business owners and whether customers were harmed, the people said. They are also examining whether specific employees contributed to the alleged behavior and if higher-level employees supported it, some of the people said.”

“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.”