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American Express Acquires Restaurant Reservation Platform RESY

  • Lender has done at least five deals in the past two years
  • Card issuer is looking to offer more services to customers
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Photographer: Andrew Harrer/Bloomberg

American Express Co. wants to be in your life before you ever reach for your wallet.

The credit-card company, which would like customers to think of it for everything from hotel bookings to airport-lounge access, said Wednesday that it’s acquiring Resy, the popular restaurant-reservations system. The acquisition will help AmEx improve its offerings for dining, the top request through its concierge service and a fast-growing category for its card network, said Chris Cracchiolo, senior vice president of global loyalty and benefits at American Express.