American Express to Acquire Expense Management Software Company Center

American Express to Acquire Expense Management Software Company Center

NEW YORK--(BUSINESS WIRE)--Mar 6, 2025-

First Busey closes acquisition of CrossFirst

First Busey finalized its acquisition of CrossFirst Bankshares; American Express agreed to buy expense management firm Center; Valley National Bank appointed a new president of commercial banking and a new CFO; and more in this week's banking news roundup.

AmEx Adds an Expense Management Platform Via Its Center Acquisition - Digital Transactions

American Express Co. has acquired software developer Center. Terms of the deal, announced late Thursday, were not disclosed. The acquisition is expected to close in the second quarter. The deal will provide AmEx’s corporate and small-business cardholders with an integrated expense-management platform that delivers real-time visibility into all employee spending, automates manual accounting tasks, streamlines expense submissions and reporting, an…

American Express to Buy Software Firm Center

The move is said to be aimed at enhancing its corporate and small business payment solutions. The acquisition is expected to close in the second quarter of 2025. Center’s software integrates real-time expense tracking, automated accounting, and policy compliance tools, streamlining financial operations for businesses.  It is expected that American Express will combine the technology with its existing corporate and small business cards. “As a lea…

American Express Agrees to Acquire Bellevue Expense-Management Company Center

American Express has entered into an agreement to acquire Bellevue-based Center, a software company modernizing expense management.