Market Overview

American Express and GreenSky Team Up to Fuel Business Growth Through Enhanced Digital Payments and Financing Capabilities

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The companies are working together in a number of ways, including to
bring innovative point-of-sale lending technology to more merchants,
enabling them to offer frictionless payment options to customers

American Express (NYSE:AXP) and GreenSky, Inc. (NASDAQ:GSKY) today
announced a strategic alliance to bring enhanced digital payments and
financing capabilities to help merchants grow their businesses and give
consumers greater flexibility in financing their purchases.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180806005296/en/

The multi-faceted collaboration will enable eligible U.S. merchants
within the American Express network and the customers they serve to
access GreenSky's proprietary point-of-sale financing solutions. Using
GreenSky's platform and technology, home improvement and elective
healthcare merchants that accept American Express will be able to drive
incremental sales by providing qualifying customers with options to
finance large purchases in a paperless environment. Customers apply for
installment loan financing via GreenSky's mobile app, online or over the
phone, and typically receive a decision and transact within 60 seconds.
GreenSky will also have access to American
Express vPayment
, a virtual payments solution, in order to
facilitate purchases via virtual account numbers delivered to approved
customers.

In addition, the companies plan to pilot a digital direct loan option
with a platform for eligible American Express® consumer Card Members to
search for participating merchants within GreenSky's network, and to
finance their purchases at participating American Express accepting
merchants of their choosing within or outside of GreenSky's merchant
network. The direct to consumer loans would initially be offered in the
home improvement category in five U.S. cities.

"American Express is committed to backing businesses and their
customers," said Stephen J. Squeri, Chairman & CEO of American Express.
"Our partnership with GreenSky, a fast-growing and innovative fintech
company, will grant more merchants access to leading payment technology
and financing solutions to enhance their customer experience and close
more sales."

"We're excited to work with American Express, a global leader in the
payments industry that is known for its commitment to providing
exceptional value to its customers. We've long admired American Express
and all that the brand stands for," said David Zalik, CEO and Chairman
of GreenSky. "Combining our industry-leading technology platform with
the security and backing of American Express will allow us to continue
innovating to meet evolving customer needs."

More details will be announced as the solutions become available.

Information Related To Forward-Looking
Statements

This release includes forward-looking statements that reflect
expectations about the companies' future operating plans and product
offerings.
These forward-looking statements are subject to risks
and uncertainties. The words "believe," "expect," "anticipate,"
"intend," "plan," "aim," "will," "may," "should," "could," "would,"
"likely," and similar expressions are intended to identify
forward-looking statements.
Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as
of the date on which they are made.
American Express and GreenSky
undertake no obligation to update or revise any forward-looking
statements.
Factors that could cause actual results to differ
materially from these forward-looking statements include, but are not
limited to, the following:
the execution and effectiveness of
definitive documentation, the ability to successfully integrate the
companies' platforms and technologies, and the willingness of American
Express' merchants to offer GreenSky's financing products.
A
further description of such factors can be found in American Express'
Annual Report on Form 10-K for the year ended December 31, 2017, its
Quarterly Reports on Form 10-Q for the three months ended March 31 and
June 30, 2018 and the companies' other reports filed with the SEC.

About American Express

American Express is a global services company, providing customers with
access to products, insights and experiences that enrich lives and build
business success. Learn more at americanexpress.com
and connect with us on facebook.com/americanexpress,
instagram.com/americanexpress,
linkedin.com/company/american-express,
twitter.com/americanexpress,
and youtube.com/americanexpress.

Key links to products, services and corporate responsibility
information: charge
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, business
credit cards
, travel
services
, gift
cards
, prepaid
cards
, merchant
services
, Accertify,
InAuth,
corporate
card
, business
travel
, and corporate
responsibility
.

About GreenSky, Inc.

GreenSky, Inc.® (NASDAQ:GSKY) is a leading technology company Powering
Commerce at the Point of Sale for a growing ecosystem of
merchants, consumers and banks. Our highly scalable, proprietary
technology platform enables over 12,000 merchants to offer frictionless
promotional payment options to consumers, driving increased sales volume
and accelerated cash flow. Banks leverage GreenSky's technology to
provide loans to super-prime and prime consumers nationwide. Since our
inception, over 1.7 million consumers have financed over $12 billion of
commerce using our real time "apply and buy" technology. GreenSky is
headquartered in Atlanta, Georgia. For more information, please visit https://www.greensky.com.

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