Profile: American Express Co (AXP)
9 Dec 2016
American Express Company, incorporated on June 10, 1965, is a services company. The Company's principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Company's segments include U.S. Consumer Services (USCS), International Consumer and Network Services (ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
The Company's range of products and services include charge and credit card products; network services; merchant acquisition and processing, servicing and settlement, marketing and information products and services for merchants; fee services, including fraud prevention services and the design and operation of customer loyalty and rewards programs; expense management products and services; other lending products, including merchant financing; travel-related services, and stored-value/prepaid products. The Company's products and services are sold to diverse customer groups, including consumers, small businesses, mid-sized companies and large corporations. These products and services are sold through various channels, including direct mail, online applications, in-house and third-party sales forces, and direct response advertising.
The USCS segment includes the U.S. Consumer Card Services business and travel services in the United States. It offers a range of consumer cards and provides services to consumers in the United States, including consumer travel services. The ICNS segment includes the International Consumer Card Services business, Global Network Services (GNS) business and travel services outside the United States. ICNS issues a range of consumer cards outside the United States and enters into partnership agreements with third party card issuers and acquirers, licensing the American Express brand and extending the reach of the global network.
The GCS segment includes the Global Corporate Payments (GCP) business, small business services businesses in the United States and internationally (collectively, Global Small Business Services (GSBS)), merchant financing products and foreign exchange services operations. The GCS segment issues a range of corporate and small business cards, and provides payment and expense management services. In addition, GCS provides financing products for qualified merchants.
The GMS segment includes the Global Merchant Services business and global loyalty coalition businesses. It operates a payments network that processes and settles proprietary and non-proprietary card transactions. GMS acquires merchants and provides multi-channel marketing programs and capabilities, services and data, leveraging the Company's global closed-loop network. GMS also operates loyalty coalition businesses in certain countries around the world. The Company's corporate functions and certain other businesses, including its Prepaid Services business and other operations, are included in Corporate & Other.
American Express Co
200 Vesey St Fl 50
NEW YORK NY 10285-1000
Company Web Links
- BRIEF-American Express sets quarterly dividend of $0.32/share
- Berkshire sets record as Trump boosts prospects, Buffett's wealth
- BRIEF-American Express posts Q3 earnings of $1.20 per share
- BRIEF-American Express USCS card member loans net write-off rate - principal only at Sept end 1.6% vs. 1.6% at Aug end
- Fitch Affirms American Express at 'A/F1'; Maintains Negative Outlook