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Announced

American Express to acquire Rooam.

Synopsis

American Express, an American bank holding company, agreed to acquire Rooam, a contactless payment solution provider. Financial terms were not disclosed. “We built Rooam to make it easy for restaurants and entertainment venues to use major point of sale providers with other key technology systems crucial to hospitality operations. Combining our capabilities with American Express and Resy will power payments, marketing, and loyalty programs for hospitality providers, bringing together the digital tools they need in one platform,” Junaid Shams, Rooam Co-Founder and CEO.

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