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Credit Card News

Consumers on the Future of Payments: Millennials to Lead Adoption & Security is King

New research about the future of payments by American Express shows that over half (52 percent) of consumers ages 18-24 are likely to try new technology-enabled payment tools as they become available compared with 23 percent of those ages 55-65, suggesting that the fate of emerging payments clearly lies in the hands of millennials.

American Express Chief Financial Officer to Participate in the Barclays Capital Americas Select Franchise Conference

American Express Chief Financial Officer, Dan Henry, will participate in the Barclays Capital Americas Select Franchise Conference in London on Wednesday, May 16, 2012, at 8:30 a.m. (local time). Mr. Henry will participate in a question and answer session relating to the Company's recent financial performance.A live audio webcast will be made available to the general public through the American Express Investor Relations website at http://ir.americanexpress.com.

Zynga and American Express Launch Zynga Serve Rewards Program

American Express and Zynga, the world's leading provider of social games services, today announced the launch of Zynga Serve Rewards, a new program that is tied to the Serve digital wallet and breaks new ground in the prepaid card market by offering rich in-game incentives for everyday spending. "We're excited to partner with American Express to invent new ways for people to experience Zynga play in more parts of their day," said Mark Pincus CEO and Founder of Zynga.

Consumer Action and American Express Offer Consumer Guides to Prepaid Cards

Prepaid cards are the financial tool of the moment for a growing
number of consumers. They are helping consumers to manage their finances, pay
bills and take advantage of direct deposit services -- all without a bank
account.

A new generation of reloadable prepaid cards is giving many consumers a safe,
easy and economical way to make purchases online or in person. But, like most
consumer decisions, the key to finding the best value is being well informed.

The "I Do" Investment

Just over 61 million Americans have plans to attend one or more weddings this year, but it's going to cost them. The American Express Spending and Saving Tracker found they expect to spend $339 per wedding to attend. While celebrities don't seem to spare any expense on their nuptials – many engaged couples and wedding guests are trying to keep to a budget. With most everyone watching their wallets, where should the betrothed spend the biggest bucks?

American Express Reports First Quarter EPS of $1.07, up 10% from a Year Ago; Revenues and Cardmember Spending Rise, Credit Quality Remains Excellent

American Express Company (NYSE: AXP) today reported first quarter net income of $1.3 billion, up 7 percent from $1.2 billion a year ago. Diluted earnings per share was $1.07, up 10 percent from $0.97. 

Home Decision 2012: Improving or Moving?

Ten percent of Americans, 23 million people, are planning to move to a new home,
condo or apartment in 2012, according to the latest
American
Express Spending & Saving Tracker
. Of those, just over 10 million plan
to make a housing purchase. While only a fraction of the population plans to
pick up and move, the majority of homeowners, 70%, have some form of home
improvement project on the docket this year.

Summer Travelers Seek Vacations With Substance

The latest
American
Express Spending & Saving Tracker
finds that

summer travel
will remain strong, but the consumer mindset has shifted.
Almost 140 million Americans (59%) are planning a summer vacation. They expect
to spend an average of $1,180 per person, on par with 2011. But, 48% seek more

American Express, National Trust for Historic Preservation to Award $3 Million in Grants to Historic Places in New York City

This spring, New York City will make history to save history. American Express and the National Trust for Historic Preservation announced today that New York City will be this year's location for Partners in Preservation, their community-based initiative to raise awareness of the importance of historic places. The program will infuse $3 million in grants to preserve the city's historic buildings, icons and landmarks.

Cash is Still King: Finance Executives at Mid-Size Companies Focus on Maintaining Fiscal Discipline

Four years after the economic downturn, finance executives at mid-market companies are still focused on maintaining financial discipline and ensuring they have sufficient cash on hand.

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