American Express is launching a $100M fund to invest in startups whose business involves digitial commerce. According to TechCrunch:
With the announcement of such a large fund, clearly American Express is hoping to be an active part of the payments and commerce innovations taking place outside of the company. While AmEx has been more active in forming partnerships and acquiring new technologies than some of the other credit card companies, the company still has ways to go. But being part of this ecosystem will certainly help the company see what new technologies are taking off in payments and perhaps even be a good way to find companies to acquire.