Profile: American Express Co (AXP)
26 May 2017
American Express Company, incorporated on June 10, 1965, together with its subsidiaries, is a global services company. The Company's principal products and services are charge and credit card products, and travel-related services offered to consumers and businesses around the world. The Company's segments include the 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 includes network services; merchant acquisition and processing, servicing and settlement, and point-of-sale marketing and information products and services for merchants; other fee services, including fraud prevention services and the design and operation of customer loyalty programs; expense management products and 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 channels, including online applications, direct mail, in-house teams, third-party vendors and direct response advertising. Business travel-related services are offered through its non-consolidated joint venture, American Express Global Business Travel (the GBT JV). The Company's cards include cards issued by American Express, as well as cards issued by third-party banks and other institutions that are accepted by merchants on the American Express network. The Company offers a range of charge cards and revolving credit cards to consumers in the United States and internationally through its USCS and ICNS segments. In addition to its cards, the Company partners with banks and other organizations to issue American Express-branded products.
The USCS segment includes the United States Consumer Card Services business and consumer travel services in the United States. USCS issues a range of consumer cards and provides services to consumers in the United States.
The ICNS segment includes the International Consumer Card Services business, Global Network Services (GNS) business and consumer 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.
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)), commercial financing products and foreign exchange services operations. GCS issues a range of corporate and small business cards and provides payment and expense management services globally.
The GMS segment includes the Global Merchant Services business and global loyalty coalition businesses. GMS 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 analytics. GMS also operates loyalty coalition businesses in certain countries around the world.
The Company competes with Visa, MasterCard, Discover, JCB and China UnionPay, National Payments Corporation of India, PayPal, Square, Amazon and Venmo.
American Express Co
200 Vesey St Fl 50
NEW YORK NY 10285-1000
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