Amazon replaces Amex with US Bancorp as the issuer for its Prime Business and Amazon Business credit cards that it is relaunching in the coming months
Amazon.com Inc. tapped U.S. Bancorp to be the issuer for two small business credit cards that the e-commerce platform is relaunching in the coming months.
Coinbase announces its first branded credit card, in partnership with American Express, for Coinbase One US users, and creates a lower-cost Basic subscription
Earn up to 4% bitcoin back on every purchase. Coming fall 2025. Tikta / Unchained : Coinbase and Amex Team Up on Bitcoin Card as Exchange Reveals Broad Expansion Plans Jenna Montgomery / Bitcoin Maga...
The DOJ charges AI shopping app Nate's ex-CEO, Albert Saniger, with fraud, alleging the app relies heavily on workers in the Philippines; Nate had raised $50M+
#RIPNate Paul Rietschka / @prietschka : Can't wait until more and more of the ‘agentic’ revolution turns out to be (1) just ‘500 employees in Hyderabad,’ and (2) has some high-profile failures where ‘...
Sources: Visa offered Apple ~$100M to become the Apple Card's payment network; Amex is also competing while Mastercard is trying to keep its role as the network
AnnaMaria Andriotis / Wall Street Journal :
Private equity firm Permira acquires Squarespace after raising its bid to $7.2B; Squarespace sells restaurant reservation service Tock to Amex for $400M
Website builder Squarespace is no longer a publicly-traded company, after private equity firm Permira procured all remaining common stock in the firm.
eBay emails customers to say the service will drop American Express cards as a payment option because of “unacceptably high fees”, starting on August 17
- Online marketplace calls Amex fees ‘unacceptably high’ — Change to take effect Aug. 17; Amex defends its fees
Apple blocking Beeper Mini, not a service unto itself but an unauthorized client for a proprietary platform that costs a lot to run, is not anticompetitive
what a shame! I swear, these companies — Meta, Spotify, and Epic come to mind — are the whiniest bastards ever. In a hypothetical situation where Meta made its own phone and Apple wanted to create a...
Apple blocking Beeper Mini, not a service unto itself but an unauthorized client for a proprietary platform that costs a lot to run, is not anticompetitive
There's a lot to catch up on since last I wrote about Beeper. Long story short, they've been playing — and no surprise, losing — the cat-and-mouse game with Apple. Threads: @eshumarneedi , @lscottspe...
Nonprofit Data & Trust Alliance, comprising Amex, IBM, Pfizer, UPS, and more, announces AI data provenance standards to help find the origin and rights to data
Steve Lohr / New York Times :
Sources: Goldman wants to exit consumer lending and offload its Apple partnership, possibly to Amex, which has balked at Apple Card's loss rate and other issues
The bank, which reports third-quarter earnings Tuesday, is fighting profit declines and flagging stock