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American Express launches digital payments service
New York City -- American Express Co. announced on Monday that it has introduced a new digital payment service it calls Serve, enabling customers to choose among multiple options to make payments linked to a single account.
The account can be funded from a bank account or a debit, credit or charge card. Payments can be made online, via mobile phones or at stores that accept American Express cards.
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DSW owner swings to profit in Q4
Columbus, Ohio -- Retail Ventures, parent of off-price shoe retail chain DSW, reported Monday that net income for the quarter ended Jan. 29 was $5.7 million, compared with a loss of $5.3 million a year earlier.
Sales for the quarter were $468.5 million, up from $402.6 million in the year-ago period. DSW same-store sales increased 14.9%.
For the full year, net income was $51.8 million, compared with a loss of $65.6 million the year before. Sales were $1.82 billion, compared with $1.60 billion for the prior year.