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American Express Company has announced the sale of its wholly owned subsidiary, Accertify, to technology private equity firm Accel-KKR. Accertify, a provider of fraud prevention solutions, was acquired by American Express in 2010. Despite the sale, American Express will maintain its own fraud prevention programs, which are noted for having the lowest fraud rates among major U.S. card networks. The transaction, which is subject to customary closing conditions, is expected to be finalized in the second quarter of 2024. The financial terms of the deal have not been disclosed. The company has also included forward-looking statements in the report, cautioning that actual results could vary due to factors such as regulatory approvals, financing availability for the purchaser, and potential impacts on business relationships.
American Express Company has announced the sale of its wholly owned subsidiary, Accertify, to technology private equity firm Accel-KKR. Accertify, a provider of fraud prevention solutions, was acquired by American Express in 2010. Despite the sale, American Express will maintain its own fraud prevention programs, which are noted for having the lowest fraud rates among major U.S. card networks. The transaction, which is subject to customary closing conditions, is expected to be finalized in the second quarter of 2024. The financial terms of the deal have not been disclosed. The company has also included forward-looking statements in the report, cautioning that actual results could vary due to factors such as regulatory approvals, financing availability for the purchaser, and potential impacts on business relationships.
美国运通公司宣布将其全资子公司Accertify出售给科技私募股权公司Accel-KKR。防欺诈解决方案提供商Accertify于2010年被美国运通收购。尽管进行了出售，但美国运通仍将维持自己的欺诈预防计划，该计划以美国主要信用卡网络中的欺诈率最低而闻名。该交易受惯例成交条件的约束，预计将于2024年第二季度完成。该交易的财务条款尚未披露。该公司还在报告中纳入了前瞻性陈述，并警告说，实际业绩可能会因监管部门的批准、购买者的融资可用性以及对业务关系的潜在影响等因素而有所不同。
美国运通公司宣布将其全资子公司Accertify出售给科技私募股权公司Accel-KKR。防欺诈解决方案提供商Accertify于2010年被美国运通收购。尽管进行了出售，但美国运通仍将维持自己的欺诈预防计划，该计划以美国主要信用卡网络中的欺诈率最低而闻名。该交易受惯例成交条件的约束，预计将于2024年第二季度完成。该交易的财务条款尚未披露。该公司还在报告中纳入了前瞻性陈述，并警告说，实际业绩可能会因监管部门的批准、购买者的融资可用性以及对业务关系的潜在影响等因素而有所不同。
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