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eBay will no longer accept American Express payments starting August 17th, the company announced on Wednesday. It blames the change on the “unacceptably high fees” for Amex credit card transactions. “Credit card transaction fees continue to rise unabated because of a lack of meaningful competition,” eBay writes in a notice to customers. “There is a need for more robust regulations to drive greater competition to credit card networks and help reduce transaction processing costs.” eBay still accepts Visa, Mastercard, Discover, and other payment methods, like PayPal, Apple Pay, Google Pay, and Venmo. Amex disagrees with eBay’s move, stating on its...

Price is only an issue in the absence of value, and the American Express Platinum Card brings value. Keep reading as we share the valuable benefits that may make the $695 annual fee seem cheap compared to other credit cards that don't offer as many benefits. Yes, the American Express Platinum Card is one of the most expensive credit cards on the market. Depending on your spending and amount of travel, you may get huge value from this card. On the other hand, some of you may be better off with another credit card with a lower annual fee.

eBay customers will no longer be able to use American Express cards to pay for purchases from this summer. The online marketplace announced Wednesday that it would no longer accept the cards from August 17. It blamed the 'unacceptably high fees' imposed byAmEx for processing transactions. It is a huge blow to American Express, which has become a favorite among Gen Z consumers, and whose customers are often the most attractive among merchants as they tend to spend the most money per month on their cards.

Mike Lindell said MyPillow was left crippled after American Express slashed their credit line. "No reason, no explanation, just dropped it down last Tuesday," he said on the "War Room" podcast. A Minnesota bank previously terminated Lindell as a client after calling him a "reputation risk." MyPillow CEO Mike Lindell said that his company has been crippled by American Express's decision to slash its credit line. "Steve, we really need everybody's help right now. We have things going on I'm going to let you all know this week," Lindell told fellow Trump ally Steve Bannon on the latter's "War Room"...

Delta Air Lines has clamped down on access to its Sky Club for Amex card holders — a “terrible business decision” that has angry frequent flyers ready to cut up their cards and pack their bags for another airline. “I spend at least $60k a year on the card and now I will not have access to lounges. I was mad you wanted me to pay $50. Now no access? You should be falling over backwards for my loyalty in flights and spend,” one furious user wrote on X, formerly known as Twitter. “What a terrible business decision.” “I will...

The former employee alleges 'anti-racism' policies at American Express fostered 'tremendous animosity' ... A former American Express employee filed a class-action complaint .. alleging that the credit card company exhibited "callous indifference" to civil rights law by terminating him because he is White and spoke out against its "racially discriminatory" policies. Brian Netzel, who worked a decade for Amex until he was terminated in 2020 .. he sued the company on behalf of himself and potentially thousands of other similarly situated employees ... The lawsuit alleges that amid the racial tensions roiling the U.S. in 2020, Amex implemented "anti-racism" policies...

American Express today again refused to withdraw its sponsorship of The Public Theater's adaptation of Julius Caesar, which is now playing in New York's Central Park. The play depicts the brutal assassination of President Donald Trump as he is stabbed to death by multiple assassins. Other theater sponsors, including Delta Air Lines and Bank of America, withdrew their sponsorship from the theater earlier this week. Despite today's attempted massacre of two dozen Republican lawmakers by a leftist gunman provoked by violent anti-Trump rhetoric, American Express stands firm in its corporate support of The Public Theater. In a phone conversation with...

In response to the AMEX sponsorship of a play suggesting assassination of President Trump, a boycott should be initiated. I would be interested in talking with anyone who might have the web and marketing capabilities necessary to begin. I will watch this thread for ideas and contacts. Let the fun begin! jes sayin ps: have not yet repaired the signature line referring to the Zero administration. After dinner....

American Express is distancing itself from the controversial theatrical production of “Julius Caesar” that portrays a Donald Trump-like dictator who gets knife to death onstage, The Post has learned. BS Amex funds Public Theater's Shakespeare in the Park so the money is available for this atrocity cancel Amex besides many merchants will not accept it anyway. and the company is going down the tubes

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...

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...

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 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 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 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...

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....

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 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.

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 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...