By Colin KellaherAmerican Express has struck a deal to sell its Accertify fraud-prevention unit to technology-focused private-equity firm Accel-KKR for an undisclosed amount. Accel-KKR on Tuesday said its investment will enable Accertify to accelerate its growth and product innovation as an independent entity. The company counts 40% of the top 100 online retailers among its customers, along with major global airlines and sports-betting platforms, Accel-KKR said. New York credit-card giant American Express in late 2010 said it agreed to buy Accertify for about $150 million. Accel-KKR, based in Menlo Park, Calif., backs software and technology businesses and has $19 billion in cumulative capital commitments.

Source: Wall Street Journal January 16, 2024 17:25 UTC