american express
Today the world is full of commerce and technology. Moreover, financial institution is equally essential for the business strategy, whether it’s a small firm or a large foundation. Banking helps business to record their monetary flows. In other hand, banking is appropriate for every individual, for example, seniors, students, and travelers. Those financial institutions make the people convenient for all kinds of businesses, shopping, and paying debts. In order to better serve the consumers, many banks and financial institutions are organized. One of the famous public finance industries in history is American Express. Introduction classic green card American Express is a public company. It diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler’s check businesses. American Express operates through three principal divisions: Travel Related Services, American Express Bank and American Express Financial Advisors. The Company’s common stock trades on the New York Stock Exchange under the ticker symbol AXP. It is one of the 30 stocks that comprise the Dow Jones Industrial Average and is ranked as 174 largest companies.
History
American Express was founded in 1850 by Henry Wells, William Fargo, and John Butterfield as an express business. In 1882, American Express launched its money order business to compete with the US Post Office’s money orders. This product quickly spread to Europe where no such financial product existed. While his trip to Europe, Mr. Berry created the American Express Travelers Check which was launched in 1891 in denominations of $10, $20, $50, and $100. Moreover, in 1915, they announced the establishment of a travel department and soon established its first travel agencies.
In October 1, 1958, American Express CEO Ralph Reed launched 250,000 cards. After two years, American Express began issuing embossed ISO 7810 plastic cards. Later
History
American Express was founded in 1850 by Henry Wells, William Fargo, and John Butterfield as an express business. In 1882, American Express launched its money order business to compete with the US Post Office’s money orders. This product quickly spread to Europe where no such financial product existed. While his trip to Europe, Mr. Berry created the American Express Travelers Check which was launched in 1891 in denominations of $10, $20, $50, and $100. Moreover, in 1915, they announced the establishment of a travel department and soon established its first travel agencies.
In October 1, 1958, American Express CEO Ralph Reed launched 250,000 cards. After two years, American Express began issuing embossed ISO 7810 plastic cards. Later
References: 1) www.americanexpress.com 2) www.hoovers.com 3) www.findarticles.com 4) www.ameriprise.com