American Express (AXP) said Thursday it is collaborating with fintech company Knot to introduce a new pilot feature, simplifying adding payment information at certain merchants.
The feature, available to a limited group of American Express customers, allows them to instantly update card-on-file information with merchants like Bloomingdale's, Hilton, and Macy's, American Express said.
The new functionality is powered by Knot's CardSwitcher technology and American Express' secure data-sharing capabilities, American Express said.
Financial details were not disclosed.
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