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Keyword: amex

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  • American Express reveals three-year old data breach

    03/17/2016 6:49:11 PM PDT · by Utilizer · 14 replies
    iTnews (AUS) ^ | Mar 18 2016 10:23AM (AUS) | Juha Saarinen
    American Express has notified US authorities that some of its card holder information was likely compromised almost three years ago after an unauthorised person or group accessed one of its merchants' systems. The breach took place on 7 December 2013, but Amex said it had only now become aware of the intrusion. The payments card giant asked members to take steps to protect their sensitive data as a result of the data breach, including monitoring their accounts for suspicious activity. Customers won't be liable for any fraudulent activity, Amex said. In a notice to customers filed with the Californian Attorney...
  • AMEX & Costco

    10/22/2015 8:01:47 AM PDT · by Allen In Texas Hill Country · 37 replies
    I've had an AEX card for nearly 50 years. And we were members of Price Club before Costco bought them out so I've been a Costco member for I don't know how long. I can't remember when AEX and Costco kinda got together in a manner. My AEX card says AEX on the front and the back is my Costco membership. Like I said its been that way for quite awhile. So about 6 months ago (maybe a bit longer) AEX sent me a letter saying that are parting ways with Costco. It will happen some time is the first...
  • AmEx president Ed Gilligan dies suddenly after falling ill on flight

    05/29/2015 5:28:08 PM PDT · by Wisconsinlady · 31 replies
    Fox News ^ | 05/29/2015 | Asspiciated Press
    NEW YORK – American Express said president Ed Gilligan died suddenly Friday after falling ill while flying on a corporate plane to New York. The credit card company said the 55-year-old executive was coming back from a business trip. The plane made an emergency landing in the U.S., an American Express spokeswoman said, but she declined to say where Gilligan had been.
  • American Express to lose Costco exclusivity

    02/12/2015 9:11:14 AM PST · by C19fan · 22 replies
    Yahoo ^ | February 12, 2015 | George Stahl
    American Express Co. said its merchant agreement with Costco Wholesale Corp. will end next year, amid reports that the bulk retailer is negotiating with other credit-card companies. American Express has been the only credit card accepted at Costco’s U.S. stores. “Taking a very disciplined approach, we began discussions on a possible renewal with Costco well in advance of the contract expiration. However, we were unable to reach terms that would have made economic sense for our company and shareholders,” Kenneth I. Chenault , chairman and chief executive of American Express, said in a news release.
  • American Express Is Slashing 4,000 Jobs

    01/21/2015 2:40:22 PM PST · by SeekAndFind · 6 replies
    Business Insider ^ | 01/21/2015 | AKIN OYEDELE
    American Express will slash 4,000 jobs, even as the company reported that fourth quarter earnings were dented by foreign currency movements. Bloomberg reported that the job cuts are part of a restructuring, and a spokesperson said they will cut across the company. In its earnings release, the company said it is taking a pretax restructuring charge of $313 million to "improve operating efficiencies." After the bell Wednesday, American Express reported that fourth quarter profits rose 11% to $1.45 billion, or $1.39 a share, versus an expected $1.38 per share. Revenues rose to $9.1 billion from $8.5 billion, a 7% increase,...
  • American Express to cut more than 4,000 jobs over this year

    01/21/2015 2:32:48 PM PST · by Nachum · 10 replies
    cnbc ^ | 1/21/15 | Everett Rosenfeld
    American Express said it plans to cut more than 4,000 jobs over the next year. A representative for the company told CNBC that it is planning to cut the jobs, but that this is only a gross figure, and that the firm will also continue to hire selectively in parts of the organization. Additionally, American Express reported quarterly earnings that slightly beat analysts' expectations on Wednesday, and CEO Ken Chenault said in a release that "tight controls on the cost side of the ledger" had benefited the company. The company posted fourth-quarter earnings per share of $1.39 per share, compared...
  • 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...