Amex, Stripe Make Purchasing Online Easier With New Feature

American Express Co. made it easier for customers to check out online with the Thursday launch of Amex Express Checkout. The company is touting it as "a first-ever, fast and secure way for U.S. card members to fly through checkout at online merchants using their Amex login," according to a news release. Through a partnership with Stripe, a company that enables merchants to accept online payments, Amex card members will have their account information transferred to the online merchant through a secure token. This will allow them to check out with a few clicks while Amex auto-fills checkout fields with payment and billing information. According to the Amex announcement, this feature is available today at BarkBox, Burberry, Ledbury, Newegg, Sabon, Ticketmaster, Warby Parker and The Wall Street Journal. And will be available in the coming months at Avis Car Rental Banana Republic, Cole Haan, Hulu, Gap, Intermix, Old Navy POPSUGAR Must Have, Rocketmiles, 1-800-FLOWERS.COM and others. Shares of American Express are down 18.4% in the year-to-date, per FactSet.