American Express Sells Fraud Prevention Subsidiary Accertify in Strategic Move
American Express Company (NYSE: AXP) has made a strategic decision to sell its fraud prevention subsidiary, Accertify. The financial terms of the transaction have not been disclosed, but the move is part of American Express’s broader initiative to streamline operations and focus on its core strategic priorities. By divesting Accertify, American Express aims to improve its operational efficiency and create more opportunities for growth in other areas.
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