Consumers loaded more than $1.9 billion on American Express Co.’s prepaid cards this year through April, almost triple the amount from a year earlier, said Dan Schulman, group president of enterprise growth.
Visa Inc. and MasterCard Inc., which processed $7.4 trillion in purchases last year, are among leading payments networks that devote thousands of words in filings to every perceived threat to their business. “Bitcoin” isn’t one of them.
American Express Co. , the biggest U.S. credit-card issuer by purchases, hired former executives of Sprint Nextel Corp. to bolster its online and mobile unit and is rebranding Revolution Money, an Internet-based payments network.
American Express Co. is offering a low-cost prepaid card that’s exempt from new U.S. caps on debit- swipe fees and may draw customers from some banks that are trimming rewards programs because of the rules.
American Express Co., the biggest U.S. credit-card issuer by purchases, is adding deposit insurance and check-writing capabilities for accounts tied to its Bluebird prepaid cards sold by Wal-Mart Stores Inc.
Symantec Corp., the world’s largest maker of computer-security software, ousted Chief Executive Officer Enrique Salem and passed the reins to Chairman Steve Bennett, saying the company wasn’t performing well enough.
American Express Co. said it will let consumers make purchases on Verizon Wireless devices as the lender competes for mobile payments with rivals including Visa Inc., MasterCard Inc. and EBay Inc.’s PayPal.