American Express Company AXP recently rolled out Amex for Developers. This is a new portal designed to provide a single point of access to company APIs (Application Program Interface) and developer resources. Categories like payment services, customized experiences, data intelligence and fraud prevention are likely to be covered under this new offering.
This portal will facilitate developers to test and experiment with American Express’ capabilities. The “sandbox” environment of the portal enables software engineers to easily create, innovate and test new concepts through American Express’s API’s even when they have no access to actual Card Member or merchant data. We believe that this newly launched portal will create huge opportunities for software engineers to innovate using the services offered by American Express. Alongside software engineers, developers are set to benefit from the portal as it would allow them to continue applying their creativity to American Express’s APIs and other products. Facebook Inc FB, Twitter Inc TWTR, Best Buy Co, Inc BBY are the already leveraged partners of the Amex.
American Express remains updated to cash in on the opportunities extended by the global payment industry. Secular growth of electronic payments is expected to average 10–12% globally over the next several years. Customers demand security along with convenience and ease of payments, while retailers eye solutions to lower cash handling charges. In keeping with this, American Express continuous to innovate and enhance its offerings. The Amex-for-Developers portal is another instance of its commitment to better serve its customers.
AMER EXPRESS CO Price
The company presently carries Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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