Payment Industry terms can be confusing. In addition to the hundreds of various interchange fees, payment compliance standards, and complex statements, the merchant is also tasked with understanding industry jargon. AMEX, when used in context with payment processing, means:
AMEX – Abbreviation for American Express, an organization that issues travel and entertainment cards and acquires transactions.
For additional information on payment industry terms, including articles and news on trending information, visit the PAYMENTINSIDER Topics. VeriProcess is committed to delivering maximum transparency in the payment industry.