FINANCE

American Express launches digital payments service

BY CSA STAFF

New York City — American Express Co. announced on Monday that it has introduced a new digital payment service it calls Serve, enabling customers to choose among multiple options to make payments linked to a single account.

The account can be funded from a bank account or a debit, credit or charge card. Payments can be made online, via mobile phones or at stores that accept American Express cards.

The service also enables person-to-person transactions with other people who have Serve accounts, enabling American Express to compete in some ways with PayPal, the digital payment service owned by Internet auction site eBay.

American Express said Serve is aimed at consumers who currently rely on cash, checks and debit cards.

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OPERATIONS

CVS promotes marketing chief to expanded strategy role

BY CSA STAFF

Woonsocket, R.I. — CVS Caremark Corp. announced Tuesday that it has promoted chief marketing officer Helena Foulkes to an expanded role as chief healthcare strategy and marketing officer.

As chief marketing officer, Foulkes led the launch of CVS’s ExtraCare discount card and its Maintenance Choice program that allows Caremark beneficiaries to pick up 90-day prescriptions at CVS pharmacies or get them delivered through the mail.

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OPERATIONS

Aaron’s plans to create almost 1,000 jobs in U.S., Canada in 2011

BY CSA STAFF

Atlanta — Aaron’s said Tuesday that it plans to create nearly 1,000 jobs in the United States and Canada this year. The lease-to-own retailer said it has added 50 workers so far this year and is on schedule to hire 500 more based on current store opening plans.

An additional 75 franchised stores is expected to create about 400 jobs.

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