Cross Posted from Digital Transactions With issuers and program managers having come under fire in recent months for allegedly high and numerous consumer fees for prepaid products, American Express Co. on Tuesday launched a reloadable prepaid card that levies no activation or maintenance fees. It also charges no reload fee when value is loaded from [...]
Tag Archives: American Express
Sat 06/18/2011 - 10:53
Wed 09/29/2010 - 11:11
The metallic, by-invitation-only Black American Express Card signifies success — and money. Even unpretentious cardholders concede that membership has its privileges. By CreditCards.com What if what was in your wallet really did make you a better person — or at least perceived as one? The closest thing to such a notion may be the American [...]
Sun 02/14/2010 - 11:50
Posted 02/08/2010 on PC Mag Blogs I was reminded today of a problem I noticed long ago; American Express’s policies for passwords for their customer logins require weak passwords. I quote: Your Password should:Â Contain 6 to 8 characters – at least one letter and one number (not case sensitive) Contain no spaces or special [...]
Fri 08/07/2009 - 01:44
As posted by Yahoo Finance American Express reports fewer write-offs of credit card losses in July NEW YORK (AP) — American Express said Wednesday its rate of losses from credit card loans is slowing. The write-off rate on credit card balances was 9.2 percent in July, down from 10 percent for the second quarter, said [...]
Sat 07/25/2009 - 06:08
Posted July 23, 2009 by Digital Transactions As the economy continues to sputter, U.S. card-billed business at American Express Co. fell 15% to $104.8 billion in the second quarter, from $123.5 billion a year earlier, according to results the travel-and-entertainment giant reported on Thursday. Average U.S. cardholder spending during the quarter on so-called basic card [...]
Fri 07/10/2009 - 08:16
July 9, 2009 Source: CardLine  American Express Co.’s card billings in recent months have stopped declining as sharply as in previous quarters, but it is too soon to say the economy is recovering, AmEx CEO Kenneth Chenault said this week. During an interview broadcast yesterday on cable-TV network CNBC from Sun Valley, Idaho, Chenault [...]
Tue 05/19/2009 - 05:59
* Amex cutting 6 percent of workforce * Company “very cautious” about economy * Shares edge lower after-hours (Adds details, spokesman comment, byline) By Jonathan Stempel NEW YORK, May 18 (Reuters) – American Express Co (AXP.N), the credit card and travel services company, on Monday said it plans to eliminate 4,000 jobs, or 6 percent [...]
