Welcome to our dedicated page for American Express Company news (Ticker: AXP), a resource for investors and traders seeking the latest updates and insights on American Express Company stock.
American Express Company (AXP) is a prominent multinational financial services corporation headquartered in New York City. Known for its specialization in payment cards, American Express is one of the most valuable companies globally and a key component of the Dow Jones Industrial Average.
Operating in around 130 countries, American Express provides a variety of charge and credit card payment products to both consumers and businesses. Its business is divided into three main segments: Global Consumer Services, Global Commercial Services, and Global Merchant and Network Services. Beyond its payment cards, the company offers expense management tools, consulting services, and business loans. The merchant payment network operated by American Express is highly profitable, facilitating transactions worldwide.
In recent news, American Express has agreed to sell its subsidiary Accertify to Accel-KKR, a private equity firm. Accertify is known for its advanced fraud prevention, chargeback management, and payment gateway solutions. This strategic move is expected to enable Accertify to accelerate its growth and product innovation in the fraud prevention market as an independent entity.
American Express continues to innovate and expand its services, adapting to the growing digital economy. The company remains committed to providing customers with access to products, insights, and experiences that enrich lives and build business success.
American Express (AXP) has declared a quarterly dividend on its Series D Preferred Shares and a regular quarterly dividend on common shares. The dividend on Series D Preferred Shares is $9,269.44 per share, payable on June 17, 2024. The regular quarterly dividend on common shares is $0.70 per share, payable on August 9, 2024.
Accel-KKR has completed the acquisition of Accertify from American Express, positioning the company for accelerated growth and innovation in the fraud prevention space. Accertify, a leading provider of fraud prevention solutions, will now focus on expanding its market presence and enhancing its product offerings. The acquisition marks a strategic move to drive value for customers and foster continued success in the global fraud protection technology market.
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