AmEx Rolls Out Online Corporate Payment Platform and 4 Dow Drivers Making Waves
American Express Company (NYSE:AXP) introduces PAYVE, its new digital payment service which allows large and mid-size companies to centralize the processing of multiple payment methods via a single, easily used electronic platform. Payments may be made by check, international wire, ACH, and American Express’s own web-based payment solution, Buyer Initiated Payments. In addition, PAYVE gives companies the ability to enhance working capital and cash flow management, to streamline accounts payable processes at the same time.
Boeing Coompany’s (NYSE:BA) delay of three years in supplying its 787 Dreamliner, or something similar, will not happen to Airbus (EADSY), says CEO Fabrice Bregier of his company’s revised target to deliver the new A350 widebody passenger jet to its first customer during the first half of 2014. Bergier characterizes the timetable as “challenging” but “achievable”, according to a Financial Times report.
Bank of America Corporation (NYSE:BAC): The $1.5 billion in commercial mortgage-backed securities issued by Goldman Sachs (NYSE:GS) and Citigroup (NYSE:C), led to weeks of uncertainty in the commercial mortgage securities market, which blocked the deal for that period in 2011. As a result, the Securities and Exchange Commission is looking into S&P’s Ratings Services’ decision last July, in which it pulled its ratings on the deal, which was backed by commercial-real-estate loans, say current and former employees who were recently questioned by the agency, according to a Wall Street Journal report.
Walt Disney Co. (NYSE:DIS): A report from Parks Associates reveals that only 12 percent of Time Warner Cable (NYSE:TWC) customers are aware that they can access their shows on the Internet as part of “TV Everywhere”, according to the New York Post. This initiative was originally meant as a defense against video services such as Hulu (NASDAQ:CMCSA) (NYSE:DIS) (NASDAQ:NWSA), YouTube (NASDAQ:GOOG) and Netflix (NASDAQ:NFLX).
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