American Express may have reached network parity in the US - Business Insider

late last year that Amex was making a push to close the gap between its acceptance and that of Mastercard and Visa by offering some merchants bonuses and transaction fee discounts to convince them to accept its cards.

The effort appears to have been successful based on Squeri's comment, which could boost Amex's appeal to consumers because they'll be able to use its cards with more merchants, raising Amex's billed business in the process. And because of Amex's extensive rewards offerings, it may be particularly successful in recruiting consumers and driving volume now that it has parity with other top networks. Amex a variety of rewards across a number of levels that may entice consumers to use its cards rather than one from another issuer.

And if US consumers can expect to be able to use an Amex card as broadly as a card from Mastercard or Visa, they may be more likely to sign up for one and use it regularly if they were previously concerned about its acceptance network, potentially revitalizing Amex's US consumer billed business, especially if it reaccelerates its rewards spending.Payments & Commerce Pro

, Business Insider Intelligence's expert product suite keeping you up-to-date on the people, technologies, trends, and companies shaping the future of consumerism, delivered to your inbox 6x a week. >>

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wuhan coronavirus confirmed in Boston, making eight cases in US - Business InsiderSeven other cases of the virus have been already reported throughout the US, in Arizona, California, and Washington. princesoko 🥺
Source: BusinessInsider - 🏆 729. / 51 Read more »

Tests for coronavirus in US don't always work: CDC boss - Business Insider'We don't know the accuracy of this test. People who came in were negative, then all of a sudden they were positive,' one official said. avatorl Speaking of coronavirus. This Maduro is visionary. Four years ago, he began closing the airlines that arrived at Venezuela and isolated the entire country. Now the coronavirus has not so easy way to reach the country. What a bold is this Nicholas. lookner Well, that's comforting..
Source: BusinessInsider - 🏆 729. / 51 Read more »