Amex sells off prepaid business - sort of (AXP)

BII This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. American Express is selling its prepaid card technology to prepaid card firm InComm Holdings for an undisclosed amount in a deal that's expected to close in early 2018, according toBloomberg. The deal, which covers Amex’s Serve and Bluebird prepaid offerings, as well as gift cards, B2B rewards, tax disbursements, and reloadable cards, follows Amex’s move away from ...