NYSE:AXPConsumer Finance
American Express Extends Business Identity Reach With Palm Investment And Valuation Gap
American Express, through Amex Ventures, has invested in Palm, a business identity infrastructure platform.
The deal focuses on building out API driven business identity networks for corporate and financial services use.
This move extends American Express's activity beyond traditional card operations into secure digital identity for business payments.
For investors watching NYSE:AXP, this investment sits alongside a share price of $323.82 and multi year returns that have been strong,...