Amex groups small business offerings together with new 'business blueprint' hub

American Express Co. continues to widen its product offerings to small business customers as it looks to grow behind its core credit card business to compete with banks and other financial firms.

“Managing... American Express Co. continues to widen its product offerings to small business customers as it looks to grow behind its core credit card business to compete with banks and other financial firms. “Managing cash flow is a major challenge for small businesses,” said Anna Marrs, group president of global commercial services and credit and fraud risk at American Express.

It also provides cash-flow insights, digital-financial products such as small-business loans and a direct and easy way to reach and manage business cards, the company said.According to a poll of 1,100 small businesses by American Express, 82% ofAmerican Express has been ramping up efforts to win more business from smaller companies, including its 2020 acquisition of lending platform Kabbage.

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.

Credit cards can bridge Web2 to Web3, says music industry execBruno Guez, the CEO of Revelator, said Web2 and Web3 can actually work together “by abstracting the complexity away from the user experience.” Many developers are seeking ways to bridge the gap between these two iterations of the web. We spoke with Bruno Guez, CEO of Revelator, to understand why he believes already existing Web2 financial tools such as credit cards can actually be bridges to usher new users into Web3.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Marqeta to purchase credit-card management company Power Finance for at least $223 millionMarqeta Inc. plans to acquire credit-card program-management company Power Finance for at least $223 million in cash, the company announced Monday. “We...
Source: MarketWatch - 🏆 3. / 97 Read more »