American Express said on January 16, 2024 that it signed an agreement to sell Accertify, a fraud prevention solutions provider, to private equity firm Accel-KKR.

8-KRegulation FD DisclosureFiled Jan 16, 2024Period of report Jan 16, 2024Summary published (UTC) Oct 29, 2026

Key points

AI summary

American Express said on January 16, 2024 that it signed an agreement to sell Accertify, a fraud prevention solutions provider, to private equity firm Accel-KKR.
The company said Accertify is a wholly owned subsidiary that American Express acquired in 2010.
The company said the transaction is subject to customary closing conditions and is expected to close in Q2 2024. It said the terms of the deal are not being disclosed.
The company said it will continue to operate its own fraud prevention programs, which consistently achieve the lowest U.S. fraud rates among major card networks.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Accertify Sale Agreement

American Express said on January 16, 2024 that it signed an agreement to sell Accertify, a fraud prevention solutions provider, to private equity firm Accel-KKR.

Source · Based on the filing body and exhibits

Accertify Acquisition Date and Ownership Structure

The company said Accertify is a wholly owned subsidiary that American Express acquired in 2010.

Source · Based on the filing body and exhibits

Expected Closing Timing and Conditions

The company said the transaction is subject to customary closing conditions and is expected to close in Q2 2024. It said the terms of the deal are not being disclosed.

Source · Based on the filing body and exhibits

Continuation of Proprietary Fraud Prevention Programs

The company said it will continue to operate its own fraud prevention programs, which consistently achieve the lowest U.S. fraud rates among major card networks.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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