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American Express Releases U.S. Card Services Delinquency and Write-off Statistics

by swmerchant 31. July 2009 05:02
NEW YORK, July 15, 2009 -- American Express today filed its monthly U.S. Card Services Delinquency and Write-off statistics in a Form 8-K with the Securities and Exchange Commission, as follows:

American Express Company (the “Company”) is hereby furnishing below owned and managed basis delinquency and write-off statistics for the lending portfolio of its U.S. Card Services (“USCS”) operating segment for the months ended April 30, May 31 and June 30 2009, and the three months ended June 30, 2009. As previously stated in its reports filed with the Securities and Exchange Commission (the “Commission”), the Company believes that its managed basis presentation provides the Company's investors with a more comprehensive portrayal of the key dynamics of the Company's U.S. cardmember lending business over time. Read More

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Companies Waste at Minimum $500 Million Annually in Hotel Spend Due to Ineffective Hotel Program Management According to American Express Business Travel

by swmerchant 31. July 2009 05:01
Complimentary Hotel Program Assessment Fits Companies with Best Strategy for Capturing Lost Savings -- Announces New Hotel Solutions

NEW YORK, July 09, 2009 -- American Express Business Travel, a global leader in business travel management, estimates that companies are collectively wasting half a billion dollars annually by failing to strategically manage their hotel program. To help identify whether or not companies are optimizing 100 percent of this T&E category, American Express is offering a complimentary hotel program assessment which will determine if companies are paying the right price, spending for the right reason and spending the right way. Read More

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American Express Business Travel Names Michael Qualantone Head of Global Supplier Relations

by swmerchant 31. July 2009 04:58
NEW YORK, July 07, 2009 -- American Express Business Travel, a global industry leader in business travel management, today announced Michael Qualantone, vice president, Client Services Group, has been named vice president and general manager, Global Supplier Relations. In his new role, Mr. Qualantone will manage and direct all strategic relationships with global supplier partners, including airlines, hotel and car companies, tour operators and cruise lines, as well as maintaining strategic relationships with all technology providers including global distribution systems and booking tools. This leadership role also heads the management and development of the International Travel Services Network, and is responsible for the Partner Network Worldwide. Mr. Qualantone replaces Andrew Winterton, who has taken another position outside of the company. Read More

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American Express Statement on Karl Malden

by swmerchant 8. July 2009 09:28
NEW YORK, July 01, 2009 -- American Express released the following statement from Chairman Ken Chenault on the passing of Karl Malden earlier today:

"My colleagues join me in mourning the loss of Karl Malden. He was always the leading man to his fans at American Express, and we are grateful for our long association with one of the giants of the entertainment world. Our prayers are with him and his family." Read More

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Growth-Focused Women Entrepreneurs Overcome Challenging Economy to Reach Million Dollar Goal

by swmerchant 8. July 2009 09:26
Make Mine a Million $ Business RACE Inspires Thousands of Women to Challenge Themselves to Grow Their Businesses and Help Boost Nation's Economy

NEW YORK, July 01, 2009 -- Make Mine a Million $ Business (M3), the only national initiative committed to helping post start-up women entrepreneurs grow million-dollar firms, today announced the names of 27 program participants who, despite the turbulent economy, were able to grow their ventures past the $1 million revenue level in 2008. Read More

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