American Express Card

Google's Dunn said that US antitrust law allows the company to decide whether to make its products work with that of competitors

Domestic travel remains popular, with 88 per cent respondents opting for trips within India, while international travel is on the radar for 61 per cent

Credit card giant American Express also beat expectations for first-quarter profit last week

''We continue to attract high-spending, high credit-quality customers to the franchise," chief executive officer Stephen Squeri said in a statement

Eleven rate hikes by the U.S. Federal Reserve have made borrowing expensive and increased risks of more defaults, especially as credit card debt is typically costlier than other loans

On reaching annual spends of Rs.2.5 lakh, the annual fee for the next year is reversed.

The survey commissioned by American Express found that a significant 72 per cent of Indian businesses foresee a notable upswing in B2B spending, surpassing the global average of 49 per cent

American Express saw its profit and revenue climb in the second quarter and credit card use is climbing, but the company's stock slipped before the market open as it set aside more money for possible defaults on payments. American Express earned $2.17 billion, or $2.89 per share, topping Wall Street expectations for $2.80, according to analysts surveyed by Zacks Investment Research. A year earlier the company earned $1.96 billion, or $2.57 per share. Total provisions for credit losses were $1.2 billion. In the prior-year period it was $410 million, theNew York company said, citing higher net write-offs and a net reserve build of $327 million, compared with a net reserve build of $58 million a year ago. Shares fell nearly 4% before the market opened Friday. Revenue, net of interest expense, climbed to $15.05 billion from $13.4 billion, mostly due to higher average loan volumes and increased card member spending. That was short of Wall Street projections for $15.42 billion. Card mem

Corporate travel is expected to rebound with as many as 77 per cent of Indian businesses expecting a rise in their travel budget in 2023 as compared to 2022, said a survey commissioned by American Express. In terms of the practical methods used to pay for travel expenses, the most common way, used by two-thirds of companies (66 per cent), is that the business has company accounts with third party booking systems. However, most businesses reported using multiple methods, with 61 per cent saying they let employees pay and expense, and 57 per cent saying they provide employees with access to a company credit card, the survey said. The survey Revival of business travel: An India perspective' commissioned by American Express, India with the Centre for Economics and Business Research (Cebr) indicates that 79 per cent of Indian businesses are using business travel data analytics to assist with travel booking and expenditure. "The sentiment is upbeat for corporate travel in India. While th

Decision is in compliance with 2017 RBI circular asking financial creditors to submit financial information to an information utility under Section 215 of IBC

Roughly 350 million tokens have been created so far, Rabi Sankar said in the post-monetary policy press conference.

industry insiders say, the success rate of token-based transactions is higher, but inadequate testing of certain use-cases may result in some transactions not going through

Apple's offer is applicable for single or multiple items with a minimum order value of Rs 41,900 and can be availed by HDFC credit card users or American Express card users

In his new role, Sanjay Khanna will be leading several business development initiatives for American Express, while steering collaboration across its diverse businesses in India

This is a transformational change, and the Bank will migrate to eBG to benefit all its customers, the bank said

Payment processor Visa Inc said it plans to start separately categorizing sales at gun shops. It's a major win for gun control advocates who say it will help better track suspicious surges of gun sales that could be a prelude to a mass shooting. But gun rights advocates have argued that step would unfairly segregate legal gun sales when most sales do not lead to mass shootings. Visa late Saturday said it would adopt the International Organization for Standardization's new merchant code for gun sales, which was announced on Friday. Until Friday, gun store sales were considered general merchandise. Visa's adoption is significant as the largest payment network, and will likely add pressure for Mastercard and American Express to adopt the code as well. Gun control advocates had gotten significant wins on this front in recent weeks. New York City officials and pension funds had pressured the ISO and banks to adopt this code. Two of the country's largest public pension funds, in Califor

American Express on Sunday announced the suspension of its operations in Russia and Belarus over the ongoing military operation in Ukraine.This comes a day after credit card and payment giants Mastercard and Visa announced that they were suspending operations in Russia and that their cards issued by Russian banks will no longer work outside the country."In light of Russia's ongoing, unjustified attack on the people of Ukraine, American Express is suspending all operations in Russia. As a result, globally issued American Express cards will no longer work at merchants or ATMs in Russia," American Express said in a statement."Additionally, cards issued locally in Russia by Russian banks will no longer work outside of the country on the American Express global network. We are also terminating all business operations in Belarus," the statement added.Al Kelly, chief executive officer of Visa, on Saturday said the ongoing threat to peace and stability demands that the company responds in ...

The jump in AmEx's earnings came entirely from record cardmember spending in the last three months of the year

The severity of the Covid-19 crisis in India has had a profound effect on millions of people, and it has led to an outpouring of global aid and support

Merchant payment and lending service provider BharatPe on Thursday said it has acquired Payback India from American Express and ICICI Investments Strategic Fund.