Article

Mentioned Companies:

InComm to Buy Amex’s Prepaid Platform

Prepaid card payment processor InComm will be the exclusive distributor in the U.S. of American Express prepaid card products as part of a transaction that involves its acquisition of Amex’s Serve prepaid card management platform. InComm will become the exclusive program manager and processor for all Amex prepaid card products including those sold online. American Express will remain the issuer and network for those products. Financial terms were not disclosed. The transaction is expected to close in the first quarter of 2018. Serve was created in 2010 when American Express paid $300 mill...

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August 2017
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