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Social Media Newsfeed: Microsoft to Invest in Foursquare? | Reddit App

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Microsoft Said to Be in Talks to Invest in Foursquare (Bloomberg)
Microsoft and American Express are vying to take an equity stake in Foursquare, according to people with knowledge of the discussions. The two companies are competing to invest in Foursquare rather than cooperating on a joint bid, said one of the people, who asked not to be identified because the information isn’t public.

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American Express Scores Points with Groupon in Hong Kong

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American Express is scoring some major points with Groupon Hong Kong because the two companies are partnering up to bring benefits and rewards to consumers in Hong Kong. American Express Cardmembers can redeem Groupon cash vouchers at a savings of 60%, presently.

Groupon Hong Kong has become the first Membership Rewards partner of American Express from the online group-buying category, adding a new component to the American Express Membership Rewards program. The partnership also shines a pretty favorable light on Groupon, in general, with the connection to American Express.

Of course, any new American Express program can’t officially start without a giveaway or a special deal. The giveaway is “8 Million Membership Rewards Points Lucky Draw.” With each transaction of any spending amount on Groupon Hong Kong during August 18 to September 30, Cardmembers will receive one entry into the lucky draw for a chance to be one of eight winners of one million MR points.

The special deal with American Express also runs from August 18 to September 30. When Cardmembers redeem a HK$100 Groupon cash voucher with 30,000 MR points, they will receive a total rebate of 18,000 MR points.

I am sure the partnership will be successful for both companies because each company services impulse buyers looking for deals. It will be interesting to see if American Express and Groupon continue their partnership by branching out to other Groupon cities for a worldwide partnership.

Facebook Users Link, Like, Love with American Express

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The process starts with users selecting deals they like from their Link, Like, Love. The selection is linked to their card. They just use their card at the time they are ready to redeem the offer and receive their discount. The discount is indicted on their monthly statement. If the card member is really excited about the deal, she can share it with her friends.

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Sprint Rolling Out American Express’ Serve Mobile Payment System to Select Android Phones

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While some of wait to see if NFC (Near Field Communications) takes off as the mobile payment system technology of choice (it doesn’t look to be it so far), Sprint partnered with American Express and its Serve mobile digital payment system available to its customers.

American Express and Sprint Collaborate to Promote Serve

However, access to this service is limited to “select” Sprint Android powered smartphones. So, it is not a universal mobile payment solution for Sprint customers. Serve also currently supports iOS (iPhone, iPod touch, iPad) and support is planned for Microsoft Windows Phone and RIM BlackBerry.

ReadWriteWeb notes that an American Express card is not required to use Serve. Transactions can be funded using a bank account, debit or credit card, or from another Serve account.

You can learn more about American Express’ Serve at:

serve.com

Via ReadWriteWeb: American Express’ Digital Payments Platform Serve Teams with Sprint