American Express

American Express to shell out $75.7 mn for overbilling

American Express to shell out $75.7 mn for overbillingToday American Express the credit-card giant announced a USD 75.7 million settlement to resolve charges that it overbilled consumers and misled customers on the services provided.

The company said, American Express, a Dow component, will pay USD 16.2 million in fines and at least USD 59.5 million in customer remediation.

Graziela Martins appointed as the AMEX UAE head

American-ExpressAmerican Express has made a huge strategic decision by appointing Graziela Martins as UAE Head of Merchant Acquiring and Partnerships in the Middle East and North Africa (MENA).

The decision is a very strategically important one as the MENA AMEX is one of the most important markets and is the largest single metropolitan market in the region.