Articles from American Express

American Express and Formula 1® today announce a new multi-year sponsorship that expands Amex’s partnership with the world’s leading motorsport from the Americas region to the global stage and across the F1 calendar as an Official Partner (encompassing Australia, Asia, Europe, the Americas, and the Middle East).

As part of its ongoing investment in its B2B (business-to-business) network and in enhancing buyer and supplier capabilities, American Express (NYSEAXP) today announced a new offering by Boost Payment Solutions, a global leader in B2B payments, to provide commercial virtual Card processing services to U.S. merchants who accept American Express. Qualified American Express merchants will now have access to Boost Intercept®, Boost’s patented Straight-Through Processing (STP) solution, at no additional cost. This collaboration will enable suppliers to streamline acceptance of American Express virtual Cards and minimize the challenges associated with manual processing of virtual Cards.

American Express (NYSEAXP) today announced it has refreshed the U.S. Consumer Gold Card with new credits for spending at U.S. Resy restaurants and Dunkin’®, an updated dining credit, and an expanded number of properties that Card Members can choose from when using the Card to book stays through The Hotel Collection. These are on top of the existing travel and everyday benefits that give Card Members access to more than $400 in annual value. New U.S. Consumer and U.S. Business Gold Card Members can choose a new limited-edition White Gold Card design available while supplies last, in addition to Gold and Rose Gold Card designs.

American Express (NYSEAXP) today announced an agreement to acquire Tock, a reservation, table, and event management technology provider, from Squarespace NYSE: SQSPNYSESQSP)

American Express (NYSEAXP) and Delta Air Lines® NYSE: DALNYSEDAL)

Today, Hilton (NYSEHLT) and American Express NYSE: AXPNYSEAXP)

Today American Express and Delta Air Lines announced enhanced Delta SkyMiles® American Express Cards designed to improve the travel experience and deliver everyday value to consumers and business owners. From occasional travelers to the most frequent Delta flyers, these Cards offer new reward categories, benefits and features across everyday spending, dining at restaurants, rideshares, rental cars, flights and vacation stays, plus enhanced Companion Certificates and new ways to earn Medallion Qualification Dollars (MQDs).

This year American Express (NYSEAXP) returns to Miami with a one-of-a-kind, interactive gallery called PLAY by American Express Platinum during Art Week. In collaboration with PlayLab, Inc. and Mattel Creations, the gallery will feature reimagined iconic toys as limited edition collectibles and art pieces from visionary artists, including Salehe Bembury, Eny Lee Parker, Surin Kim, Serban Ionescu and Kumkum Fernando. The artists’ creations will be for sale in the gallery and select toys will also be available to purchase online here for a limited time starting December 10, while supplies last. PLAY will bring together art and nostalgia in one place for Platinum Card® and Centurion® Members and their guests to explore on the beach of The Miami Beach EDITION from December 7-9, 2023 from 11 a.m. - 5 p.m.

American Express Company (NYSEAXP) Chairman and Chief Executive Officer Stephen J. Squeri will participate in the Goldman Sachs U.S. Financial Services Conference in New York on Tuesday, December 5, 2023, at 11:20 a.m. Eastern. Mr. Squeri will participate in a fireside chat relating to the Company’s business strategy and financial performance.

Today, Hilton (NYSEHLT) and American Express NYSE: AXPNYSEAXP)

American Express today introduced the refreshed U.S. American Express Business Gold Card with enhanced ability to earn 4X Membership Rewards points in top business spending categories, enroll in benefits to earn statement credits, and other new business-focused benefits. It also comes with the option for the popular Rose Gold design, which until now was only available to Consumer Gold Card Members.

American Express (NYSEAXP):

American Express Travel® released their 2023 Global Travel Trends Report today, highlighting four global trends inspiring people to travel this year:

Today American Express (NYSEAXP) opened a new, 14,000 square foot Centurion Lounge at Seattle-Tacoma International Airport (SEA). The new lounge is nearly triple the size of the original Centurion Lounge at SEA and now located in the newly created mezzanine level of the Central Terminal post-security. It features spectacular views of the airfield and iconic Olympic mountains, ample room for guests to relax or work before their flight, and a locally-inspired menu from Seattle-based Communion Restaurant and Bar Executive Chef Kristi Brown. Plus, the new location includes “Blue Roast by American Express,” a coffee bar serving specialty coffee, espresso drinks, and cold brew from local Seattle roaster Caffè Umbria, and a one-of-a-kind mural of the Seattle skyline made from coffee beans by celebrated artist Harold Caudio.

American Express (NYSEAXP) today announced the launch of American Express Business Blueprint™, the company’s new digital cash flow management hub designed exclusively for small businesses, which features cash flow insights, digital financial products, and an easy way to reach and manage their Business Cards.

American Express (NYSEAXP) today announced that it has entered into an agreement to acquire Nipendo, a company used by global businesses to automate and streamline business-to-business (B2B) payments processes.

American Express (NYSEAXP) today announced the return of its American Express Leadership Academy, with a new curriculum to help nonprofit leaders innovate and meet the rapidly-changing needs of communities around the world. The Leadership Academy will be implemented by Common Purpose, with programming support from community partners, the TED Foundation and Taproot Foundation. Funded by American Express, the six-month program focuses on providing nonprofit leaders with dynamic skills required to innovate and inspire their organizations to support their communities.

American Express (NYSEAXP) today announced that it is piloting a new application experience for its U.S. Personal Cards to help consumers apply with confidence, especially those who are unsure if they’ll qualify for a Card. During the application process, select applicants can find out if they are approved without impacting their credit score. If the applicant receives an approval and chooses to accept the Card, only then might their credit score be impacted.

American Express (NYSEAXP) today announced that it has partnered with TikTok to launch the #ShopSmall Accelerator, a new program to help small business owners reach a new generation of shoppers on Small Business Saturday, which is on November 26, 2022, and runs throughout the holiday shopping season. The partnership with TikTok builds on the ongoing support American Express provides small businesses year-round and its goal to drive $100 billion in reported consumer spending at small businesses from 2021 through 2025.1

Ahead of the United Nations Climate Change Conference (COP27) taking place next week in Egypt, American Express (NYSEAXP) is pledging more than $5 million to organizations helping cities and coastal communities build resilience against future climate-related events, including Ocean Conservancy, Urban Sustainability Directors Network, Resilient Cities Catalyst, and Regional Plan Association. These multi-year grants are part of American Express’ Environmental, Social and Governance pillar to advance climate solutions with a goal to back low-carbon communities through at least $10 million in philanthropic funding by 2025.

American Express Travel, today, published the 2023 Trending Destinations list1, featuring the ten most popular destinations for travel next year, identified by global American Express Card® Member travel reservations. For each of these destinations, American Express Travel Consultants also created three-day itineraries, providing inspiration on the top places to stay, eat, shop and explore the local culture, including how Platinum Card® Members can spend the “bonus vacation day” they receive with guaranteed 4:00 p.m. check-out when they book a Fine Hotels + Resorts® property through American Express Travel.

American Express (NYSEAXP) American Express today announced a $2 million pledge from the American Express Foundation to UNCF (United Negro College Fund) to help advance opportunities for students in underrepresented communities. Over the next three years, UNCF will use the funding to award 300 “Building Better Futures” grants of $5,000 each to students in their senior year at historically Black colleges and universities (HBCUs). These grants will support students as they look to transition into the next phase of their careers after graduation.

American Express (NYSEAXP) today announced that it will hold its annual ‘Member Week’ from October 10th – 14th. Throughout the week, American Express® U.S. Consumer and Small Business Card Members will get access to unique experiences and special offers, totaling access to almost $300 in value with statement credits on select purchases, across shopping, entertainment, dining, travel and wellness.

To kick off its sponsorship of the 2022 US Open Tennis Championships, American Express (AXP: NYSE) today announced it is partnering with Break the Love®, a social sports platform, to give Card Members and tennis fans complimentary access to 10,000 court reservations. Now through September 13, 2022, fans can book complimentary playing time at more than 500 tennis and pickleball courts in the NYC area and Card Members can unlock special access to peak reservation times when using their Card.

Today, American Express (NYSEAXP) and reservations platform Resy announced The American Express Gold Card presents The Resy Drive-Thru New York, a two-night culinary event on Friday, September 16 and Saturday, September 17, 2022, at Brooklyn’s Skyline Drive-In. Guests will sample a 10-course tasting menu from some of New York’s most popular chefs and restaurants, reflecting the diverse culture and cuisine of New York. The lineup spans Cantonese, Indian, Persian, Mexican, Middle Eastern, Soul, Italian, American and more courtesy of: Bonnie’s, Crown Shy, Dhamaka, Frankies Spuntino, Red Hook Tavern, Shuka, Sofreh, Sylvia’s, Taqueria Ramirez, and Union Square Café.

American Express Company (NYSEAXP) today reported second-quarter net income of $2.0 billion, or $2.57 per share, compared with net income of $2.3 billion, or $2.80 per share, a year ago.

American Express today launched the refreshed Blue Cash Everyday Card with new online shopping rewards, credits for streaming and cooking at home, and a sleek new Card design.

American Express (NYSEAXP) and Versapay, the Collaborative Accounts Receivable company, today announced a new agreement to provide suppliers who utilize the functionality of American Express virtual cards with access to Versapay’s world-class collaborative accounts receivable (AR) network of buyers and suppliers.

American Express Company (NYSEAXP) today announced the settlement of the company’s first Environmental, Social, and Governance (ESG) Bond on Tuesday, May 3. The use of the net proceeds of the $1 billion bond may be allocated toward sustainable financing projects in the Green and Social categories as directed by the newly developed American Express Sustainable Financing Framework, which is aligned with the company’s global ESG strategy.

American Express (NYSEAXP) today announced plans to introduce new digital solutions to enable corporate clients to better understand and manage their carbon footprint, including digital carbon tracking and offset solutions, and the expansion of its recycled plastic cards. To celebrate Earth Month, the company is also launching “Shop with Purpose” Amex Offers to reward eligible customers for shopping with purpose throughout April. In addition, as part of its $10 million grant commitment announced last year, American Express is also providing $2.25 million to organizations tackling the effects of climate change in local communities, particularly urban areas.

American Express (NYSEAXP) today announced the next installment of its Backing Historic Small Restaurants Grant Program, which will once again award $40,000 grants, administered by the National Trust for Historic Preservation, to 25 historic small restaurants across the country.

American Express (NYSEAXP) released the American Express Travel: 2022 Global Travel Trends Report1 today, which shows people are looking forward to more trips than last year and planning to spend more or the same on travel in 2022 compared to a typical pre-pandemic year. The report, based on data from the United States, Australia, Canada, Mexico, Japan, India and the United Kingdom, reveals consumers are traveling to see the people and places they love, celebrate important life events, embark on wish list trips, experience in-person events, and to seek greater wellness and self-care. In Q4 2021, global Card Member bookings made through American Express Travel were up 24% compared to 2019 and have continued to strengthen in 2022.

Kabbage from American Express today launched Kabbage Funding, offering eligible small businesses flexible lines of credit between $1,000 and $150,000—now with the powerful backing of American Express. With Kabbage Funding, small businesses can apply in minutes to access working capital 24/7 to help manage their company’s cash flow.

American Express today unveiled two new U.S. Consumer Platinum Card designs by two highly-acclaimed artists, Julie Mehretu and Kehinde Wiley, who transformed the Platinum Card into pieces of art. The two new Art x Platinum designs will be available to new and existing Platinum Card Members beginning January 20, 2022, joining the classic Platinum design.

As consumer spending continues to rebound, U.S. shoppers showed up in a big way for the small businesses in their communities during this year’s Small Business Saturday on November 27, positioning American Express’ (NYSEAXP) 12th annual event to be one of the most impactful shopping days of the holiday season. The results of the American Express 2021 Small Business Saturday Consumer Insights Survey show that total reported projected spending among U.S. consumers who shopped at independent retailers and restaurants on Small Business Saturday reached an estimated $23.3 billion1, up 18% from $19.8 billion in 20202 and an increase from pre-pandemic spending in 2019 ($19.6 billion).

American Express (NYSEAXP) today announced the release of its inaugural Diversity, Equity, and Inclusion (DE&I) report, which documents the company’s progress on its DE&I commitments and initiatives as part of its $1 Billion DE&I Action Plan launched in October 2020.

American Express Company (NYSEAXP) (“American Express”) today announced that, as of 5:00 p.m., New York City time, on November 15, 2021 (the “Early Participation Date”), the aggregate principal amount listed in the table below of the 3.300% Senior Notes due May 3, 2027 (the “Credco Notes”) issued by American Express Credit Corporation (“Credco”), a wholly-owned subsidiary of American Express, has been validly tendered and not validly withdrawn in connection with American Express’ offer to exchange (the “Exchange Offer”) announced on November 1, 2021.

American Express® (NYSEAXP), the leading small business Card issuer in the U.S.3, today introduced its new Business Checking account designed for small and mid-sized (SME) businesses. This fully digital Business Checking account offers a secure, high-yield, and low fee digital banking experience with a competitive APY of 1.1% on balances up to $500,0002. The checking account connects with existing American Express Credit Cards and comes with a Business Debit Card, the first to be issued in the U.S. by American Express.

According to the Amex Trendex1, a trend report from American Express (NYSEAXP), 61% of US consumers surveyed agree holiday plans will look different in 2021 and beyond. As new holiday spending, entertainment, and travel trends emerge, holiday essentials put on hold by the pandemic will also return: 71% of consumers surveyed indicate that they will celebrate the holidays with more family members and loved ones in-person than last year and 38% of consumers surveyed agree they will spend more on the holidays this year in anticipation of a more celebratory season.

Today, American Express (NYSEAXP) launched a new American Express Business Platinum Card® in the U.S. that delivers new benefits in top business spending categories, differentiated services, travel perks, and the powerful backing of American Express. The new offerings provide Card Members the opportunity to access more than $1,400 in value each year to help keep their businesses growing and thriving.

Today, American Express announced the opening of the Centurion Lounge, which is part of its signature airport lounge program, at London Heathrow Airport (LHR). Located in Terminal 3, the lounge will be the first Centurion Lounge in Europe and American Express’ third Centurion Lounge to open this year.

Today, American Express (NYSEAXP) and Extend, a New York City-based fintech specializing in virtual cards, announced their partnership to expand virtual Card solutions for U.S. businesses. U.S. companies with an eligible American Express Business Card can now enroll and create virtual Cards, also known as tokens, through Extend’s app or desktop login in as little as five minutes using their existing American Express Card account.

Order up! This fall diner fare will get an upgrade at the Amex® Gold Card Pop-Up Diner, a traveling outdoor restaurant making weekend-long stops in four cities (a nod to the American Express® Gold Card’s market-leading 4x points at restaurants) between September 10 and October 3. When the Pop-Up Diner pulls into town, the chefs behind top Resy restaurants will get behind the griddle and put their twist on iconic diner dishes.

American Express today launched a refreshed U.S. American Express Consumer Platinum Card®, which now offers even more value to Card Members with additional and expanded travel and everyday benefits and services across dining, wellness, retail and entertainment. The suite of benefits now offers Card Members access to more than $1,400 in value each year.

American Express Company (NYSEAXP) plans to host a live audio webcast of its earnings conference call at 8:30 a.m. (ET) on Friday, July 23, 2021, to discuss second quarter 2021 financial results.

Today, American Express will reopen the new Centurion Lounge at New York's LaGuardia Airport (LGA). The space will double in size and offer locally inspired amenities that bring New York City's rich culture to life. With 10,000 square feet in the airport’s brand-new Terminal B, the relocated Lounge is more spacious and more convenient, located after travelers pass through security screening.

American Express (NYSEAXP) today launched the Global Business Spend Indicator (GBSI), a new survey of global businesses conducted with the Centre for Business and Economic Research (CEBR)². The survey reveals U.S. businesses are the most bullish and optimistic when it comes to B2B spending among the six countries covered in the survey, with 76% of U.S. businesses expressing optimism about their prospects over the next 12 months. Respondents predicted that B2B spending in the U.S. will be an average of 3.4% higher in the second quarter compared to the same period last year. Applying that projection from the survey respondents to broader U.S. macroeconomic data would equate to an estimated $140 billion in additional B2B spending from U.S. businesses³.

The new Back to Blue Skies report from American Express (NYSEAXP) and American Express Global Business Travel (GBT) released today finds that business travel is an important driver in building in-person connections, a company’s culture, career development, and can lead to increased profit and revenue. Corporate travelers and decision makers at U.S. businesses of all sizes and across a variety of industries participated in the survey, which highlights the sentiment around the benefits of business travel.

American Express (NYSEAXP), and the National Trust for Historic Preservation, today announced the 25 historic and culturally significant restaurants in the U.S. owned by underrepresented groups that will receive funding through the “Backing Historic Small Restaurants” Grant Program. Read more about these historic restaurants’ remarkable stories on Resy.com.