American Express
The U.S. Supreme Court accepted a case that could roil the credit card business, agreeing Monday to consider reviving government allegations that American Express Co. thwarts competition by prohibiting merchants from steering customers to cards with lower fees. A federal appeals court had thrown out the lawsuit, saying the U.S. government and 11 states failed to…
Small Business Saturday took place this past weekend. American Express created Small Business Saturday in 2010 to help bring more awareness and consumer dollars to small businesses during the busiest shopping season of the year. It's accomplished just that, with the most recent edition the most successful yet according to results from the Small Business…
Seven months after splitting with longtime partner Costco Wholesale Corp., American Express Co. said Thursday that its cards will be accepted at rival membership warehouse Sam's Club starting Oct. 1. Sam's Club, a division of Wal-Mart Stores Inc., has 653 stores in the U.S. and Puerto Rico.
A U.S. judge rejected American Express’ settlement with merchants over credit card fees after finding the plaintiffs’ lawyer tainted the deal by exchanging confidential information with an attorney for MasterCard Inc. The rejection means that merchants and the card firm may have to renegotiate the deal or possibly go to trial. A conference is scheduled…
The checkout pages on shopping sites are getting more crowded, so American Express is creating its own real estate. The credit card company is introducing Amex Express Checkout, an alternative payment method its card members can use to more easily check out and pay on partnering websites and apps from merchants such as Ticketmaster, Newegg…
How do fraudsters operate? A big part of succeeding in the challenge of fighting fraud is having an in-depth understanding of the enemy. Who are they? What motivates them? What are their typical methods of operation? We've researched and analyzed data in order to present a general snapshot of fraudsters' behavior. Knowledge is power — understanding these aspects and others like them might be valuable for merchants trying to keep a fraud-free e-commerce environment.
American shoppers have never been able to earn loyalty points from one retailer and then redeem them at another. That's about to change. In May, Macy's, Rite Aid, ExxonMobil and four other brands plan to introduce the first U.S.-based loyalty program that encompasses an entire team of retailers. The program, called Plenti, will be operated by American Express. For example, a Macy's customer will be able to use Plenti points won from, say, buying a pair of shoes at one of its stores to fill up at a Mobil gas station or to pay an AT&T phone bill.
Costco announced that its credit card network will be handled by Visa next year, an announcement that comes weeks after it sideswiped Visa rival American Express in a move that ended a 16-year relationship with the retailer. Costco said Citigroup would be the exclusive issuer of the retailer's co-branded credit cards, while Visa will be replacing American Express as the credit card network for Costco in the U.S. and Puerto Rico beginning April 1, 2016.
Retail Online Integration's fifth annual list of the leading women executives in omnichannel retail features some of the brightest minds in the industry. This year's nominees were chosen for being in a top-level position within an omnichannel retail organization, along with several other criteria, including their scope of responsibility, achievements within their own companies, and their involvement within the retail industry. Take advantage of this opportunity to learn about the career paths of some of today's leading retail experts, as well as find out what they believe will be the top tip for omnichannel retail success in 2015.
Neiman Marcus and Capital One have created a mobile wallet for the luxury retailer's credit card customers who use Apple iPhones. Customers can make in-store purchases without carrying a plastic credit card. NM Mobile Wallet will work with Neiman Marcus, Bergdorf Goodman and customer cards from Visa, MasterCard, American Express and Discover. Neiman Marcus chose its own route vs. accepting Apple Pay. The NM Mobile wallet app actually works on more versions of the iPhone than Apple Pay, which only works on its newest iPhone 6. NM Mobile Wallet requires that phones operate with at least version iOS 7.