American Express (AXP) Announces Sale of Accertify to Accel-KKR

American Express Company (AXP) recently announced that it is divesting its wholly-owned subsidiary Accertify to Accel-KKR. Accertify provides services like fraud prevention, account protection, payment gateway solutions and chargeback management. This deal will enable Accertify to become an independent entity, post the divestiture and help American Express streamline its operations. The terms of the transaction have not been disclosed yet.Per a report by Fortune Business Insights, the fraud detection and pr ...