A recent AMEX survey showed a considerable gap between a company’s plans and actual execution. AMEX recently held a survey looking into the intentions and implementation of retail mobile payments. The research showed that Canadian retailers have a considerable gap between what they plan to do and what they’re actually doing. The AMEX survey showed that 76 percent of merchants believed that m-commerce is “the way of the future.” That said, Canadian businesses aren’t actually implementing the retail mobile payments into their own operations, for the most part. “There seems…
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Mobile payments partnership between Amex and Walmart
The agreement will operate through a unique prepaid card. American Express Co. and Walmart Stores Inc. have announced a new partnership that they hope will provide customers with appealing new options for making mobile payments at the retailer’s stores. This prepaid Bluebird card is designed to appeal to consumers without traditional bank accounts. The Bluebird card functions by allowing deposits to be made through smartphone and mobile bill paying, without any annual, monthly, or overdraft fees, nor any required minimum balance. They hope that this will broaden the mobile payments…
Read MoreAmex makes large step into making its digital wallet international
American Express has announced that it will be making an important move to widen the reach of its digital wallet, Serve, into the international marketplace. This move makes Amex the first credit card company to launch a global partnership for the digital wallet with Lianlian Group, one of the top mobile payments providers in China. Furthermore, American Express has also invested $125 million in equity into Lianlian Pay. The Serve digital wallet is an integration of a number of different types of payment option into one account for the user,…
Read MoreAmerican Express makes moves toward greater mobile expansion by way of acquisitions
According to its executive vice president, David Messenger, American Express Co. has been seeking certain sizeable international acquisitions in order to assist in its efforts to take advantage of a spike in demand for online commerce and mobile payments in emerging markets. Based on purchases, Amex is the largest issuer of credit cards in the world. Based in New York, it is now looking into deals in China and other developing regions, and, according to Messenger, it wants to make purchases of and investments into startups in Silicon Valley that…
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