American Express, or AmEx, is an American multinational financial services corporation. Founded in 1850, the company is best known for its credit card, charge card, and traveler's cheque businesses. American Express has a global footprint with the US as its most important market. American Express SafeKey refers to AmEx' 3D-Secure product and acts similar to MasterCard SecureCode and Verified by Visa. Online merchants accepting American Express can tap into consumers with spending capability. AmEx merchant charges are normally above MasterCard and Visa credit card rates (depending on merchant profile and location). American Express cards can be used fraudulently and (without SafeKey) the merchants bares liability for chargebacks. Merchants willing to accept American Express payments in their ecommerce shop should turn to their local AmEx office and investigate whether their Payment Service Provider supports American Express online.
American Express, or AmEx, is an American multinational financial services corporation. Founded in 1850, the company is best known for its credit card, charge card, and traveler's cheque businesses. American Express has a global footprint with the US as its most important market. American Express SafeKey refers to AmEx' 3D-Secure product and acts similar to MasterCard SecureCode and Verified by Visa. Online merchants accepting American Express can tap into consumers with spending capability. AmEx merchant charges are normally above MasterCard and Visa credit card rates (depending on merchant profile and location). American Express cards can be used fraudulently and (without SafeKey) the merchants bares liability for chargebacks. Merchants willing to accept American Express payments in their ecommerce shop should turn to their local AmEx office and investigate whether their Payment Service Provider supports American Express online.
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American Express launched a new service called Amex Express Checkout. The service allows U.S. card members to check out quickly at participating online merchants by using their americanexpress.com account login. Burberry, Warby Parker, Gap, Newegg and The Wall Street Journal are among [...] Read more
Just in time for the holiday season, American Express announced today that is has launched a new and innovative resource for card members that will help maximize the efficiency and ease of their online shopping efforts this year. Called inSite, the tool is available as a free download for AmEx members who are enrolled in its Membership Rewards program. According to the launch press release, inSite wil [...] Read more
Global financial services company American Express has revealed plans to invest USD 100 million to fund early stage digital commerce startups. The investment is set to be completed over the next few years. According to the company’s press release, the digital commerce initiative will be managed out of its newly established office in Silicon Valley. American Express has appointed Harshul Sanghi, the curre [...] Read more
American Express Co. (AXP), the biggest credit-card issuer by purchases, will offer an online payment service with Tencent Holdings Ltd. (700) in its first collaboration with an electronic payment partner in China. The agreement will allow users of Tencent’s Tenpay online payment service to make purchases outside China, American Express and Tencent said in a joint statement today. Financial details were [...] Read more
American Express has acquired US-based virtual currency platform and in-game payments provider Sometrics for USD 30 million, TechCrunch reports. Sometrics will be added to the Enterprise Growth Group, the business unit within American Express focused on expanding alternative mobile and online payment services beyond the traditional card and travel businesses. In addition, Sometrics will be used within Am [...] Read more
NEW YORK-- Following a successful pilot at South by Southwest in March, American Express and foursquare today announced the national rollout of their partnership, which enables American Express® Cardmembers who link their foursquare profiles to their cards to “load” and seamlessly redeem merchant Specials without the need for coupons, special codes, or showing their mobile devices to cashiers. This unique f [...] Read more
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