.svg)
Amex Partner Hit By Data Breach In US, Filing Reveals
American Express (Amex) has revealed that a third-party provider has been hit by a data breach, which may have exposed account information of Amex cardholders.
In a , Amex said: 鈥淲e became aware that a third-party service provider engaged by numerous merchants experienced unauthorised access to its system.
鈥淚t is important to note that Amex-owned or controlled systems were not compromised by this incident, and we are providing this notice to you as a precautionary measure.鈥
Amex has not named the hacked company or the number of customers who may be affected, but has advised cardholders to review their accounts for fraudulent charges.
Customers鈥 names, card numbers and card expiration dates may have been exposed, according to the filing.
NatWest To Kill Off BNPL Option
NatWest has that it is preparing to axe its buy now, pay later (BNPL) option less than two years after launching it.
The retail banking giant has informed customers that it will begin closing BNPL accounts from May 7 onwards.
The bank launched its BNPL product to much hype in Summer 2022, but has chosen to discontinue the service due to lack of uptake among customers.
This will reduce competition for other UK banks who remain in the BNPL space, such as Barclays.
In June 2022, Barclays launched a service known as , which splits purchases of 拢100 to 拢5,000 into equal monthly repayments with 0 percent interest.
