American Express sells Accertify to private equity firm Accel-KKR

Accel-KKR, a private equity firm, announced that it has reached an agreement with American Express to acquire Accertify, a wholly owned subsidiary. Accertify is a provider of fraud prevention, chargeback management, account protection, and payment gateway solutions. Terms of the deal were not disclosed. Lisa Marchese, head of Corporate Development at American Express said, “Accel-KKR’s knowledge and expertise in helping technology companies grow is an important consideration as Accertify embarks on the next step in its journey.”