As the year comes to a close, restaurants have continued to be a major place for consumers to spend time — especially with the mass decline of “third places,” a place for people that encourages social interaction and public relaxation outside of the home (“first place”) and work (“second place”) through shared activities and shared … Read more
2024 was the year travel made a full recovery — this comes after a 75 percent decline in travel in 2020 with the global pandemic, according to a McKinsey report from May 2024. Domestic travel is expected to also grow 3 percent annually and travel spending represented 9 percent of this year’s global GDP. In … Read more
Larry Silverstein is praying the third time’s the charm for Two World Trade Center. The developer is in serious talks with American Express to anchor or completely fill the delayed skyscraper, which needs a tenant for Silverstein to get construction financing, according to a report. The yet-to-be-built tower is the missing link in his otherwise … Read more
In the newly published fourth Amex Trendex: Small Business Edition, the report looked at the current state of small businesses and the outlook for the rest of the year. The study was conducted by Morning Consult LLC on behalf of American Express and surveyed more than 1,100 U.S. small business financial decision-makers, including more than … Read more
Pixabay The federal court in Australia has ordered American Express Australia Limited (Amex) to pay AU$8 million in fines for failing to meet its design and distribution obligations (DDO) for two of its co-branded credit cards that were distributed at the David Jones stores. The court found that Amex breached the DDO as a credit … Read more
SERVING UP WORDS: If watching the 2024 Wimbledon Championships isn’t enough for tennis fans, they can now read all about it in the new, limited-edition zine called Ready. British players Andy Murray and Katie Boulter have created the zine with American Express and the former i-D magazine editor, Ryan White. Ready has a print run … Read more
DigitalTrends.com American Express has put out a data breach advisory after third-party merchants experienced a hacking incident targeting its payment hardware, as reported by Bleeping Computer. The financial services company detailed that the breach occurred in Massachusetts and is associated with an “American Express Travel Related Services Company.” It resulted in several merchants suffering “unauthorized … Read more
Major credit card companies are moving to make a merchant code available for firearm and ammunition retailers in order to comply with a new California law that will allow banks to potentially track suspicious gun purchases and report them to law enforcement, CBS News has learned. Retailers are assigned merchant codes based on the types … Read more
