Five Key Updates Impacting Markets Ahead of Friday Trading
As the stock market opens on Friday, investors must consider five crucial updates: a market rotation impacting major stocks, a global cyber outage affecting airlines and banks, Netflix surpassing subscriber expectations, key economic indicators to watch, and fluctuating international market trends. Stay informed to navigate these developments effectively.
EBay to Discontinue Accepting American Express Cards, Sparks Industry Speculation
EBay Inc.’s decision to discontinue accepting American Express cards has sparked speculation in the payments industry. Some experts question if this move is a strategic tactic to negotiate lower interchange fees. The disparity in acceptance costs between AmEx, Visa, and Mastercard is a concern, with AmEx fees being notably higher. EBay cites high AmEx fees as the reason for the change, aiming for a more competitive payment processing landscape. The company has informed customers in advance, allowing time for transition to other payment methods. Merchant advocates see this as a response to rising discontent over card acceptance costs. American Express expresses disappointment but remains committed to providing payment solutions. The industry trend shows merchants seeking ways to reduce financial burden from card transactions.
American Express (Amex) Discloses Data Breach Impacting Cardholders
American Express (Amex) discloses data breach impacting cardholders. Company assures its systems are secure and breach originated from third-party. Breach may have exposed card member names, account numbers, and expiration dates.
Delta and American Express Announce New Perks and Higher Annual Fees for Credit Cards
Delta and American Express have announced new perks for their credit cards, but they come with higher annual fees. The changes are set to take effect on May 1, and customers are left wondering if the new benefits are worth…