Post Tagged with: "Costco"

Tech Spending at Amex Continues to Climb

Tech Spending at Amex Continues to Climb

by July 21, 2016 at 12:14 pm 1 comment

While the headline out of American Express‘s earnings yesterday was the $1 billion of gain from the sale of its Costco Wholesale Corp. credit portfolio, the underlying story — at least from an innovation perspective — was the continued increase in technology spending at the payments giant. Amex records itsRead More

Amex Looks Further Downmarket with Cashback Prepaid Card

Amex Looks Further Downmarket with Cashback Prepaid Card

by August 19, 2015 at 6:52 pm 2 comments

American Express announced a prepaid card with 1% cash back today, calling the card the first and only one of its kind. Debit reward cards became rarities after the Durbin Amendment slashed “swipe fees” earned by issuers in 2010. Retailers, who won out with Durbin, issued some brand-specific rewards cards, but consumersRead More