The credit card lender's earnings beat analyst expectations, but it also reported weakness in spending and higher late payments. Amex boss Steve Squeri said consumers are "resilient" and credit remains strong.
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During Thursday's earnings call, Chief Financial Officer John Greene told analysts that "everyday living expenses" are a challenge.
October 17 -
Visa and Mastercard face pressure to lower payment charges globally, while the London-based fintech receives more fraud reports than the country's largest banks.
October 16 -
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The Swedish company struck a deal to offload buy-now, pay-later loans that it originates in the U.K. as it looks for ways to free up capital ahead of its public debut.
October 16 -
Bank of America, Wells Fargo and U.S. Bank are among the institutions taking advantage of regulatory tailwinds to get more aggressive.
October 15
The Most Influential Women in Payments: Next execs discuss risks and rewards of generative artificial intelligence for their firms and careers.
The Most Influential Women in Payments: Next honors women 40 years old and younger who are making a major impact on their businesses, inspiring colleagues and changing the industry early in their careers.
American Banker's Most Influential Women in Payments share their views on artificial intelligence, hybrid offices, real-time payments and more.
Honorees from 2024's Most Influential Women in Payments, representing companies such as MoneyGram, Walmart, Segpay and more, share insights into how how artificial intelligence is changing their companies and their industry.
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The Visa Tokenized Asset Platform will allow banks to "mint, burn and transfer" tokens as more financial institutions and businesses express interest in how cryptocurrencies and blockchain technology can improve their operations.
October 3 -
The U.S. card brands plan to acquire European firms for security and subscription payments, while Bank of America seeks new markets for its virtual B2B business and JPMorgan Chase's blockchain unit gains ground.
October 2 -
The payment protocol, years in the making, includes more information for transactions, aiding real-time processing, international commerce, risk management and overall accuracy. But it also requires a lot of work.
October 1 -
Instant payment adoption in the U.S. is growing but still trails countries such as Brazil and India. Generative artificial intelligence could be the key to help financial institutions accelerate payment velocity.
September 30 -
As the company bolsters artificial intelligence-powered point of sale and battles other fintechs and the card networks, getting a boost with distribution has become a major priority.
September 27