American Express said that an unidentified third-party service provider used by merchants experienced a breach back in 2013 that may have exposed account information on card holders, according to a notification letter that American Express filed with the California Attorney General's Office.
Check out the hottest mobile IT news for Nov. 4, including a team up between Microsoft and Dropbox, Disney streaming service now available on Android, a rock climbing drone that zips to hard to reach places, the potlitical savvy's move to mobile and a new payments system from American Express.
Sometimes, the way to prosperity is to stop throwing good money after bad.
The bottom line from a business perspective is that U.S. banks are impeding growth for many companies by over-culling the pool of potential buyers and users.
Microsoft is competing with American Express and other potential suitors to purchase an equity stake in mobile social network foursquare, Bloomberg reports.
Isis, the Near Field Communications-based mobile commerce network spearheaded by Verizon Wireless, AT&T Mobility and T-Mobile US, is adding American Express' Serve digital commerce services to its mobile wallet, slated to roll out nationwide later this year.
While credit card companies and retailers team to sift through every morsel of data they have about their customers, one positive by-product of this exercise for consumers is coming from American Express.
It is good to see a Fortune 500 company such as MasterCard concerned with the competitive capabilities of small businesses and pushing for their ability to leverage big data analytics like it does.
American Express unveiled a new program enabling Twitter users to tweet special hashtags to purchase gift cards and products.
Walmart is teaming with American Express for Bluebird, a new mobile banking and payment platform designed for lower-income consumers.