Profile: American Express Co (AXP.N)

AXP.N on New York Stock Exchange

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American Express Company, incorporated on June 10, 1965, is a global 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. Card Services, International Card Services, Global Commercial Services and Global Network & Merchant Services. The Company’s principal operating subsidiary is American Express Travel Related Services Company, Inc.

U.S. Card Services

Within the Company’s Card-issuing business, the Company’s United States banking subsidiaries, Centurion Bank and AEBFSB, issue a range of Card products and services to consumers and small businesses in the United States. Its consumer travel business provides travel services to Card Members and other consumers.

International Card Services

Within the Company’s International Card Services business, the Company issues its charge and credit Cards around the world either on its own or as cobrands with partnering institutions. The Company’s offerings in this category include the American Express Make My Trip Credit Card in India and the American Express AeroplanPlus Reserve Card in Canada. The Company issues cards internationally under distribution agreements with financial services institutions. It also offers affinity cards with fraternal, professional, educational and other organizations. Its redemption options include travel, retail merchandise, entertainment, shopping and recreation gift certificates, experiences, financial services and donations to benefit charities. The Company also allows its International Consumer Card Members to use their Membership Rewards points to pay for their travel purchases and other charges in 18 countries outside the United States.

Global Commercial Services

Within the Company’s Global Commercial Services business, the Company provides expense management and travel services to companies and organizations around the world through its Global Corporate Payments and Global Business Travel businesses. Business travel-related services are offered through the GBT JV, a non-consolidated joint venture. The segment offers Corporate Cards, which are issued to individuals through a corporate account established by their employer; Corporate Meeting Cards, which are provided primarily to corporate meeting planners as a tool to help companies control their meetings and events expenses, and Business Travel Accounts, which are used by companies to pay for their employees’ travel expenses. It also offers a suite of Business-to-Business Payment Solutions, including Corporate Purchasing Card, which is an account established by companies to pay for everyday and large-ticket business expenses , such as office and computer supplies; vPayment, which offers companies single-use virtual account numbers for business-related purchases and permits the processing of transactions with fraud controls, and Buyer-Initiated Payments, an electronic solution for companies looking to automate their accounts payable processes.

Global Network & Merchant Services

The Global Network & Merchant Services (GNMS) segment operates a global payments network that processes and settles proprietary and non-proprietary card transactions. GNMS acquires merchants and offers multi-channel marketing programs and capabilities, services, and reporting and analytical data to the merchants around the world. It enters into agreements with third-party card issuers and acquirers to license the American Express brand and extend the reach of the global network.

The Company competes with Bank of America, Capital One Financial, Banco Santander, HSBC, JPMorgan Chase, Citibank, Discover Financial Services, JCB, PayPal and China UnionPay.

Company Address

American Express Co

NEW YORK   NY   10285-0001
P: +1212.6402000
F: +1212.6400404

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