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Amex is targeting a new demographic with a cash-back card
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The launch of this card could further propel Amex's growth push. The company has been working to rebound from the sale of its Costco portfolio by attracting new customers and growing spend. Amex sold its nearly $80 billion Costco portfolio in 2016, which led to multiple consecutive tough quarters. (Business Insider)
 
AmEx Payments


American Express is paying companies tens or hundreds of thousands of dollars to accept its cards, in a bid to catch up with Visa and Mastercard in the acceptance stakes. AmEx investors have been pressing the firm to close the gap, and the payments show its difficulties in doing so. Wall Street Journal
 
AmEx signups

The Wall Street Journal reports that American Express salespeople have been "strong-arming" small business owners to boost signups for its credit cards. According to the piece: "the salespeople have misrepresented card rewards and fees, checked credit reports without consent and, in some cases, issued cards that weren’t sought." WSJ
 
IAG and Amex

IAG, the parent of British Airways, has renewed an air-miles deal with American Express. The new deal, worth $955 million, comes at an opportune time for a firm that is currently preparing thousands of layoffs, in the context of the unprecedented aviation slump. Bloomberg
 
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