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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 letter to customers, Amex said: “We became aware that a third-party service provider engaged by numerous merchants experienced unauthorised access to its system.
“It 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.”
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’ names, card numbers and card expiration dates may have been exposed, according to the filing.
NatWest To Kill Off BNPL Option
NatWest has confirmed 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 Instalment Plan, which splits purchases of £100 to £5,000 into equal monthly repayments with 0 percent interest.
