⚡️ USA 🇺🇸: American Express launches Card on File solution

⚡️ USA 🇺🇸: American Express launches Card on File solution

American Express has launched a new pilot feature in collaboration with Knot, a fintech specializing in Card-on-Filemanagement. This feature allows Amex customers to automatically add and update their payment information at selected merchants.

🔣 Integration: Knot’s CardSwitcher™ enables seamless payment method updates without the need to manually input card details. This is combined with American Express' proprietary technology, allowing users to securely share their payment data (with the merchant's consent).

🔣 Who can use it? — This solution is available exclusively to American Express US Consumer and Small Business Card holders.

🔣 Benefit: The card issuance business remains key for American Express, and revenues are expected to grow between 9% and 11% in 2024.

#news #USA #AmericanExpress

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