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A comment on Apple Working with American Express on iPhone 6 Mobile Payments. Parent comment

Re:Apple Working with American Express on iPhone 6 Mobile Pa... by tetrep on Sunday August 31, 2014 @03:14PM (#8250105)
it's credit if you don't pay it immediately. the lending institution is extending you a line of credit for one month.
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Re:Apple Working with American Express on iPhone 6 Mobile Pa... by superuser2 on Sunday August 31, 2014 @04:17PM (#8250252)
True, but AFAK with Amex there is no "lending institution." You get the card from American Express itself and it does not involve a relationship with a bank.
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