A couple of weeks after rebranding, Bread Financial launched a feeless, unlimited 2% Cashback Amex Express credit card.
American Express is looking to use the same style data that has made PayPal and Square so successful in small business lending; Gina Taylor Cotter, senior vice president and general manager of global commercial financing at American Express. tells American Banker,“We have done some research on this and we are trusted providers, so this puts us neatly between banks that may have a longer application process and the online lenders who are fast, but maybe a bit more expensive." Source.
China’s central bank as accepted Amex’s application to start a bank card clearing business, but they still need to receive...
The National Restaurant Association has asked Congress to mandate the reduction of credit card interchange fees during the current crisis;...
American Express started making the slow transition a few years ago to cloud computing but the pandemic forced wide adoption...
Making news this week was Stripe, American Express, the CFPB, SoFi, Celsius and more
Data from American Express, Synchrony Financial, Ally and Santander show that while debt levels might be at their highest level...
PeerIQ released their Q4 2018 Lending Earnings Insights Report which points to a number of themes showing the economy is strong...
In this week’s PeerIQ Industry Update they cover the slowing growth rate of consumer credit which points to consumers being...
Scott Sanborn discussed the current market environment for online lending in his speech at LendIt USA comparing the industry to the growth of online retail and using Amazon as an example for how businesses can dramatically change and adapt to provide the best services for market needs; online lenders will have to be strategic in identifying market opportunities, building on their proprietary systems and partnering with other companies; Ash Gupta from American Express also noted at the conference the challenges and opportunities presented to online lending through the use of big data; the growing amount of data sourced by the industry has the potential to improve credit models and fraud prevention while also providing broader capabilities through machine learning technology. Source