AMERICAN EXPRESS BOLSTERS RESTAURANT RESERVATION PRESENCE WITH TOCK PURCHASE.

American Express has purchased the online reservation platform Tock for $400 million, as part of its efforts to compete with OpenTable in the restaurant reservation market. Tock, which was acquired by Squarespace in 2021, provides reservation and table management services to approximately 7,000 restaurants. American Express aims to enhance its offerings in the dining and event space by expanding its portfolio of services and offerings. The acquisition of Tock and Rooam, a contactless payment platform, demonstrates American Express's commitment to providing innovative and convenient payment solutions. [Extracted from the article]