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.
American Express and Starbucks are the latest Fortune 500 companies to confirm support for Apple's Passbook, the new iOS 6 application that collects users' movie tickets, transit passes, retailer loyalty cards and related documentation.
Hours after Google unveiled a cloud-based overhaul of its Wallet contactless payment application trumpeting support for all major credit and debit cards, American Express revealed it never authorized its cards for use with the service.