Keyword: amex

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  • How do I know if this is a valid request or a phishing attempt?

    03/14/2014 3:29:18 PM PDT · by Eva · 90 replies
    vanity | 3/14/14 | me, EVA
    I received this email today and immediately called American Express. They said that my account was in good standing and that they did not see any problem. They did not say whether they sent the email, but the woman said that she didn't see any problem with the account. This is the email: Dear American Express Member Because of unusual number of invalid login attempts on you account, we had to believe that, there might be some security problems on you account. So we have decided to put an extra verification process to ensure your identity and your account security....
  • New Outreach: White House Dinners (What sequester? Obamas party with 'one percenters')

    06/18/2013 6:24:13 AM PDT · by kristinn · 16 replies
    The Wall Street Journal ^ | Tuesday, June 18, 2013 | Peter Nicholas
    The kids are getting older, the big house on Pennsylvania Avenue is emptier on weekends, and the nation's first couple is filling the time by hosting casual Friday dinner parties that have been known to stretch past midnight. President Barack Obama, often criticized for shunning Washington's social life, has said it had been a priority to devote time to his wife and two daughters. But with Malia, who is nearly 15 years old, and Sasha, 12, now eager to be with friends, the first couple has been hosting more small dinner parties in the White House residence—talk-filled events with business...
  • American Express prepaid debit cards to get FDIC insurance

    03/26/2013 5:26:41 PM PDT · by markomalley · 2 replies
    Washington Post ^ | 3/26/2013 | Danielle Douglas
    American Express announced Tuesday that its prepaid debit cards will now be backed by the Federal Deposit Insurance Corp., the latest indication that a market once shunned by established financial institutions is gaining ground. The use of reloadable prepaid cards has exploded in the wake of the credit crisis that left millions of Americans outside the traditional banking system. But unlike checking accounts, reloadable prepaid cards do not offer the same financial protections for consumers and operate with fewer regulatory constraints.
  • Millionaire ID thief gets four years for paying waiters to skim AmEx cards from wealthy customers

    02/26/2013 6:45:16 PM PST · by Beave Meister · 6 replies
    The New York Post ^ | 2/26/2013 | LAURA ITALIANO
    A crafty, millionaire identity thief will spend at least four and a half years in prison after admitting today that he paid waiters at some of Manhattan's fanciest restaurants to skim the AmEx cards of wealthy customers. Between 2010 and 2011, some 265 diners had their Black and Platinum AmEx card information stolen by waiters at Smith & Wollenski, Capital Grille, Wolfgang's Steakhouse and JoJo, all thanks to Luis Damian Jacas, who pleaded guilty on the brink of opening statements in his now-scuttled enterprise corruption trial at Manhattan Supreme Court. Jacas, 42, of Manhattan, paid waiters $500 per Black card,...
  • Walmart Targets Unhappy Bank Customers With New Prepaid Card--Should Big Banks Be Nervous?

    10/09/2012 8:54:11 PM PDT · by TArcher · 83 replies
    Forbes ^ | 08 Oct 2012 | Halah Touryalai
    Walmart wants to be your new banker. Walmart launched Bluebird, an alternative to debit and checking account. Should banks be nervous? Today Walmart announced an alternative to traditional debit and checking accounts in partnership with American Express. The Bluebird accounts target consumers who are fed up with increasing fees from traditional bank accounts. The Bluebird accounts will have no minimum balance requirement and no monthly maintenance, annual or activation fee. Customers can access their money for free using one of 22,000 American Express MoneyPass ATMs, but will be hit with a $2 fee if they are not enrolled in direct...
  • AmEx put "fraud hold" on my Scott Walker contribution!!!!!

    04/20/2012 3:56:41 PM PDT · by 4Liberty · 25 replies
    American Express letter ^ | 4/20/2012 | vanity
    I gave $100 to "Friends of Scott Walker" on 4/2 using my Am Ex card. My card payments are current have been for decades. American Express sent me a snail-mail letter saying, they 'had a concern about 'possible fraudulent use of my card' - and STOPPED THE CONTRIBUTION. I called them, asked for an explanation, they said I'd need to resubmit it. Anyone else have this "problem"?
  • Former American Express CEO, HARVEY GOLUB: Here's What Buffett And Obama Don't Get About Taxes

    08/22/2011 1:01:37 PM PDT · by SeekAndFind · 17 replies
    Business Insider ^ | 08/22/2011 | Gus Lubin
    Former American Express CEO Harvey Golub gives a major rebuttal to calls from Warren Buffett and Barack Obama for more taxes on the rich. Writing in the WSJ, Golub makes three points. First, it is absurd that half of the country pays no income taxes. Second, "the extraordinarily complex tax code is replete with favors to various interest groups and industries." Third, the government is bloated by wasteful spending. Until someone addresses these issues, he says he pays enough: Over the years, I have paid a significant portion of my income to the various federal, state and local jurisdictions in...
  • American Express dives into mobile payments with Serve

    03/28/2011 11:17:01 PM PDT · by smokingfrog · 2 replies
    CNN Money ^ | 28 Mar 2011 | Julianne Pepitone
    NEW YORK (CNNMoney) -- American Express is diving into the e-wallet space with Serve, a service that lets customers transfer money to others online and make payments with their mobile phones. In its announcement Monday, AmEx said Serve is aimed at customers who use cash, checks and debit cards, rather than the company's traditional credit card users. Serve accounts will be available immediately in the U.S. and are expected to launch internationally over the coming year. Mobile payments are a new direction for AmEx as it tries to get a toehold in a rapidly growing market. Research firm Generator Research...
  • Junior Florida Republican Party staffer had $1.3 million charged to party credit card

    04/10/2010 12:15:13 AM PDT · by Brandonmark · 43 replies · 2,212+ views
    St. Petersburg Times ^ | April 10, 2010 | Adam C. Smith
    She was a 25-year-old junior staffer when the Florida Republican Party gave her an American Express card. Over the next 2½ years, nearly $1.3 million in charges wound up on Melanie Phister's AmEx — $40,000 at a London hotel, and nearly $20,000 in plane tickets for indicted former House Speaker Ray Sansom, his wife and kids, for starters. Statements show thousands spent on jewelry, sporting goods and in one case $15,000 for what's listed as a month-long stay at a posh Miami Beach hotel, but which the party says was a forfeited deposit. The credit card records, obtained by the...
  • Crist and Greer- ‘In Charge’ and Living Large on the RPOF AMEX

    03/25/2010 12:36:13 PM PDT · by PoliticalEthics · 2 replies · 389+ views
    The Shark Tank ^ | 03/24/2010 | Javier Manjarres
    Well placed sources within the RPOF, as well as other well-informed confidants have disclosed to the Shark Tank the nature of some of the probable expenditures that were incurred by disgraced former RPOF Chairman Jim Greer and Governor Charlie Crist in the yet to be released RPOF AMEX statements.To refresh your memories, it was several weeks ago that an unnamed source, probably from within the RPOF, intentionally leaked Senate candidate Marco Rubio’s RPOF AMEX statements from 2005-2008 to the media. It is near impossible to deny that this highly selective leak to the media of only one RPOF members’ AMEX...
  • Explosives Stolen in Walla Walla

    08/03/2009 10:53:12 PM PDT · by Cindy · 16 replies · 983+ views
    KEPRTV.com ^ | Story Published: Jul 31, 2009 at 6:42 PM PDT | By Holly Zuluaga
    Note: Video included. SNIPPET: "WALLA WALLA--Hundreds of pounds of explosives were stolen from the Port of Walla Walla." SNIPPET: "It’s enough explosives to do serious damage." SNIPPET: "No one knows the intent; the goods were locked up at a storage unit somewhere at the Port of Walla Walla." SNIPPET: "“They took a lot of time to do what they were doing, it was secure,” Jessie Summers said." SNIPPET: "Investigators call this a "significant safety threat."" SNIPPET: "There is a reward if you know anything about this crime. Call 1888-ATF-BOMB if you can help."
  • Courtney Love sued by American Express

    05/29/2009 4:58:35 AM PDT · by rightwingintelligentsia · 7 replies · 514+ views
    WalletPop ^ | May 29, 2009 | Zac Bissonnette
    American Express has sued Curt Cobain widow-turned-rocker-turned-actress Courtney Love for $352,059.67 in unpaid charges and fees on her Amex Gold, Centurion and Platinum Cards. Of course this isn't the first time that Ms. Love has been accused of skipping out on bills. A high-end rehab facility sued her over a $181,000 unpaid bill for a stay in 2005 -- although later events would seem to suggest that Love didn't derive much value from that stint in detox. There have also been tax liens and a lawsuit from management and accounting firm London & Co. accusing her of failing to pay...
  • American Express CEO: Card law may reduce credit

    05/20/2009 2:07:20 PM PDT · by Oldeconomybuyer · 80 replies · 2,205+ views
    Reuters ^ | May 20, 2009 | by Jonathan Stempel
    NEW YORK, May 20 (Reuters) - American Express Co (AXP.N) Chief Executive Kenneth Chenault said a new law that would impose sweeping limits on credit card issuers will likely hurt his company and reduce the flow of credit to consumers. Chenault said the legislation will be "more negative than positive" for American Express, because it will make it more difficult for the credit card and travel services company to set rates based on the risk its customers pose. Chenault said: "My concern is from the standpoint of credit being available, to particularly consumers who need it."
  • American Express Set to Eliminate 4,000 Jobs [ $800+ Billion Stimulus Bill Fails More Americans ]

    05/19/2009 3:08:42 AM PDT · by Son House · 11 replies · 1,032+ views
    FOXNEWS ^ | May 18, 2009 | FOXNEWS
    As part of the newest cost-cutting plan, American Express also plans to scale back investment spending and make further cuts to operating costs, including professional services and travel. "While we have remained solidly profitable at a time when some parts of the card industry were incurring substantial losses, we continue to be very cautious about the economic outlook and are therefore moving forward with additional reengineering efforts to help further reduce our operating costs," said Kenneth I. Chenault, chairman and chief executive officer in a release. The 4,000 layoffs will result in a restructuring charge of about $180 million to...
  • How to Blow Your Credit Limit -- Without Spending

    03/15/2009 11:42:38 AM PDT · by Virginia Ridgerunner · 55 replies · 2,303+ views
    SmartMoney.com, via Yahoo! Finance ^ | March 12, 2009 | Kelli B. Grant
    If you haven't had the credit limit cut on your credit card recently, count yourself lucky. Risk-averse card issuers are getting slash happy. And while many cardholders gripe that such cuts slice razor-close to their balance amounts, for an unfortunate few the cuts go far deeper: below what they currently owe. Under different circumstances, David Chaplin-Loebell wouldn't have minded that American Express cut his unlimited credit line to just $5,000. Except that when AmEx reduced his line in October, he had an outstanding balance of $10,000. "I found out by having a business purchase declined," he says. Repeated calls to...
  • Don't Leave Home; Your Credit Card is on Hold

    03/09/2009 4:50:01 AM PDT · by christx30 · 75 replies · 3,037+ views
    msnbc.com ^ | March. 8, 2009 | Joel Grover
    If you have an American Express card, beware: your card could be put on hold at any moment, even if you think you've made all your payments on time. That means, you won't be able to charge anything on your Amex card. That's exactly what happened to Cathy Jones, a businesswoman with three Amex charge cards. She got a call from Amex last week saying her cards were now on hold, while the company did a financial investigation to make sure she could pay her bills. Jones was baffled. She's been an Amex cardholder since 1989 and can't remember being...
  • AmEx Encourages Cardholders to Leave ( $300 to go )

    02/25/2009 5:26:14 AM PST · by kellynla · 25 replies · 1,425+ views
    Wall Street Journal ^ | FEBRUARY 24, 2009 | MARY PILON
    It used to be that credit-card companies lured customers with cash rewards. Now American Express Co. is paying to get rid of them. The card issuer is offering selected customers a $300 AmEx prepaid gift card if they pay off their balances and close their accounts. The unusual move underscores how quickly conditions have deteriorated in the credit-card market. The current economic morass was provoked by spiking mortgage defaults. But as the economic crisis widens and unemployment climbs, there is growing concern that credit-card defaults will soar into the stratosphere as well. "This is a huge paradigm shift," says Curtis...
  • American Express Wants To Help You 'Simplify Your Finances' -- Will Pay You $300

    02/23/2009 11:34:47 AM PST · by COUNTrecount · 27 replies · 2,025+ views
    Credit Matters ^ | February 23, 2009
    Well, this sure is a different kind of deal. Instead of paying you a bonus to join, New York-based American Express will give you a $300 American Express prepaid card if you agree to say goodbye. American Express says that it is making this "deal" so that customers can "simplify" their finances. Sure. The offer, which isn't available to everyone, requires a 14-digit RSVP code. Customers are receiving this offer via U.S. Postal and email. Let's get something straight here. If you receive this offer, American Express is telling you something: please leave. Note also that in order to get...
  • AmEx paying card holders to close their accounts

    02/23/2009 6:09:06 PM PST · by rabscuttle385 · 66 replies · 1,552+ views
    Reuters ^ | 2009-02-23
    NEW YORK (Reuters) - American Express Co (NYSE:AXP), battered by mounting credit card losses, is offering $300 to a limited number of U.S. card holders who pay off their balances and close their accounts, the company said on Monday. "We sent the offer out to a select number of card members," said Molly Faust, a company spokeswoman. "We are looking at different ways that we can manage credit risk based on the costumers overall credit profile." The company did not say how many card holders would receive the offer and did not disclose the total of their card balances. Card...
  • A (Very) Watchful Eye on Credit Card Spending

    02/02/2009 11:36:30 AM PST · by Clairity · 62 replies · 1,846+ views
    Yahoo News ^ | Jan. 30, 2009 | Ron Lieber
    You probably know that credit card companies have been scrutinizing every charge on your account in recent years, searching for purchases that thieves may have made. Turns out, though, that some of the companies have been suspicious of you, too. In recent months, American Express has gone far beyond simply checking your credit score and making sure you pay on time. The company has been looking at home prices in your area, the type of mortgage lender you're using and whether small-business card customers work in an industry under siege. It has also been looking at how you spend your...
  • Today's Two Minutes Hate (Shop at Wal-Mart, and your credit limit gets lowered)

    02/01/2009 10:35:27 PM PST · by Lorianne · 45 replies · 3,071+ views
    Mother Jones ^ | 01/31/09 | Keven Drum
    Here's the latest reason to hate credit card companies: Shop at Wal-Mart, obviously a sign of financial distress, and your credit limit gets lowered. Hallelujah! This is from American Express, which has now decided to hunker down and simply lie about their habit of doing this. Compare and contrast the following news accounts. When Kevin Johnson returned from his honeymoon last year he got a letter from Amex saying, “Other customers who have used their card at establishments where you recently shopped have a poor repayment history with American Express.” Here's what they told the Atlanta Journal Constitution about this...
  • Credit Line Cuts Could Boomerang [big banks shooting themselves in the foot]

    12/29/2008 2:26:43 PM PST · by rabscuttle385 · 33 replies · 1,123+ views
    American Banker ^ | 2008-12-29 | Maria Aspan
    Credit line reductions, account repricing, and other steps that card issuers are taking to control risk could soon start causing their customers to do something many homeowners did this year: walk away from their obligations. In the past month current and former industry executives and observers have raised concerns that prevalent risk management tactics may spur such behavior — even among customers who still have the capacity to pay. For example, some observers said aggressive repricing could lead to a spike in "bust-outs" — when cardholders decide to run up as large a balance as possible before abandoning the account....
  • American Express to Be Bank Holding Company

    11/11/2008 1:42:41 AM PST · by Freedom_Is_Not_Free · 25 replies · 250+ views
    The New York Times ^ | November 10, 2008 | ERIC DASH
    American Express, the nation’s last big independent credit card company, said late Monday that it would transform into a bank holding company to strengthen its position in the market turmoil. Federal Reserve banking regulators said they approved its application because of the “unusual and exigent circumstances” roiling financial markets and the company’s interest in tapping up to $3.8 billion in government money. As a full-fledged bank, American Express would gain greater access to the Treasury Department’s bailout plan for banks, a move that might allow it to lend more freely and perhaps acquire a larger deposit-taking institution. American Express customers...
  • Amex to Cut 7,000 Jobs

    10/30/2008 9:49:04 AM PDT · by BGHater · 14 replies · 472+ views
    The Washington Post ^ | 30 Oct 2008 | Frank Ahrens
    Further evidence of the economic contraction: American Express -- the largest U.S. credit card company by purchases -- said today it will cut 7,000 jobs and take up to a $290 million charge related to the cuts in a move designed to save $1.8 billion next year. Earlier this year, Amex announced a "re-engineering" plan designed to cut costs as consumers cut back on their credit-fueled spending. The job cuts represent 10 percent of the company's global workforce. The company also has frozen hiring and will cut back on marketing, it said in a statement. “The re-engineering program we announced...
  • US Senate agrees visa free travel for Polish tourists

    05/18/2006 10:44:10 AM PDT · by lizol · 57 replies · 1,956+ views
    Radio Polonia ^ | 18.05.06 | Michal Kubicki
    US Senate agrees visa free travel for Polish tourists The US Senate has passed an amendment to a bill on immigration reform which paves the way for Polish tourists to travel to the States without visas for a trial period of two years. Report by Michal Kubicki 18.05.06 Polish officials and men-in-the-street have welcomed the news as a step in the right direction. The visa issue has long been a point of contention in Polish-American relations with Poles having to apply for visas before traveling to America and having to pay for an application, even if they are eventually refused...
  • Make an Old Building Wireless Broadband-Ready on the Cheap

    03/02/2006 5:15:48 PM PST · by rambo316 · 19 replies · 843+ views
    Law Technology News ^ | Stacey Higginbotham
    Wiring an old hotel for wireless Internet access can easily cost more than $1 million in construction and cabling costs, and that doesn't even factor in the lost revenue when rooms are unavailable due to the work. But some hotels have found a way around that problem using power line communications, or PLC, products, from TELKONET Inc. The company's technology, also known as "broadband over power line," is installed in the basement of a building and connects to its existing electrical system. To get wired broadband access, guests simply plug a modem into any electrical outlet. "It did not make...
  • Bono signs big names to fight Aids (Introducing the American Express Red Card)

    01/25/2006 11:53:56 PM PST · by HAL9000 · 22 replies · 656+ views
    Financial Times (UK) (excerpt) ^ | January 26, 2006 | Gary Silverman
    Excerpt - American Express, Converse, Gap and Giorgio Armani are joining with Bono, the rock star, to sell products under a new brand, called “Red”, which will dedicate some of its revenues to fight Aids in Africa. The effort will include the creation of an AmexCo Red credit card that will be marketed first in the UK, targeting an estimated 1.5m British “conscience consumers” who are seen as more likely to buy products associated with a social benefit. AmexCo believes this figure will rise to 4m within three years. Other Red products available this spring will include Converse sports shoes...
  • Work meets play at call centers [India]

    01/03/2006 6:50:03 PM PST · by KingofZion · 12 replies · 545+ views
    The Washington Post ^ | December 28, 2005 | S. Mitra Kalita
    As fireworks boomed across nearby New Delhi and families lit candles and incense and prayed late into the evening, thousands of call-center agents reported to work at a gleaming office tower here. Donning headsets and fake American names, they placed and fielded phone calls to and from the United States, collecting bills, selling products and raising credit limits. For a few minutes each shift, though, the workers hurried outside to take part in their own celebration * * * In India, call centers are part of a burgeoning industry known as "business process outsourcing," or BPO -- a new world...
  • Exploitation of 9/11?

    01/29/2005 7:48:01 PM PST · by Hildy · 63 replies · 1,019+ views
    Robert De Niro and American Express are being criticized for a new 30-second TV ad airing in the U.S. and the U.K. which includes shots of the now barren site of the World Trade Center. In the ad, directed by Martin Scorsese, De Niro walks through New York, referring to "My East .. my West Side." When he arrives at Ground Zero, he remarks, "My heartbreak." (The spot's tagline is: "My life. My card.") Brand Republic, an online publication covering advertising and marketing, said that the spot is drawing flak for exploiting the 9/11 tragedy.
  • THE GALL-$TAR

    11/25/2004 2:56:16 PM PST · by ConservativeStatement · 7 replies · 626+ views
    New York Post ^ | November 25, 2004 | By DAREH GREGORIAN
    Pretend princess An toinette Millard is showing some real gall: She's suing American Express for $2 million for allowing her to go on a nearly $1 million shopping spree she couldn't afford at some of the city's priciest stores. Millard's filing says she "was suffering from anorexia, depression, panic attacks, [and] head tumors," and the credit-card giant "knew or should have known that [she] was acting impulsively and irrationally." That argument hasn't moved American Express, which got a court order this week to freeze her assets.