Preview

american express and the charge card

Good Essays
Open Document
Open Document
2755 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
american express and the charge card
AMERICAN
EXPRESS

OUR STORY

Becoming American Express:
150+ Years of Reinvention and Customer Service

INTRODUCTION
The story of American Express is a fascinating one, filled with interesting and sometimes quirky characters who -- through a combination of brains, perseverance and luck -- shaped the company's development during the past century and a half.
The express company that forwarded freight and valuables evolved into a company that created and sold financial products like money orders and travelers cheques. Following an era of international expansion, the company became an entity perhaps best known for its charge card. Today, American Express is a global payments company.
The attributes that today are the hallmarks of the American Express brand -trust, integrity, security, quality, customer service -- all have their roots in this compelling story. In this history, as well, are the genesis and development of the company's aspiration to become the world's most respected service brand.

Our History

The three principal founders of the American Express Company:
Henry Wells, William G. Fargo and John Butterfield.

Trust. Security. Vigilance. Service. Long before the creation of the Blue Box logo, American
Express used a watchdog to symbolize these key values when it was founded in 1850. After all, the success of any express company that delivered valuable goods depended upon the confidence customers had that the company would safely deliver money and packages.

EXPRESSMEN JOIN FORCES
Established in 1850 in New York, American Express Company was among the first and most successful express delivery businesses to arise during the rapid westward expansion of the
United States. The U.S. Postal Service at the time was slow, expensive and nonexistent in many areas. Nothing larger than a letter-sized envelope could be sent by mail and certainly nothing valuable, as a fair number of deliveries were lost or stolen enroute.
The

You May Also Find These Documents Helpful

  • Better Essays

    Usps Business Practices

    • 1533 Words
    • 7 Pages

    The Post Office Leaders had to set goals. “Company leaders establish goals and objectives on at least three levels: (a) strategic goals, (b) tactical goals, and (c) operational goals.” (Reilly, 2011) The main focus was to deliver the mail to the citizens of the United States, effectively, and efficiently. That goal was tough, but achievable. The growing of the business in the early days wasn’t as complex, as the Post Office was the only game in town. As the technology age dawned the Post Office found itself in a bad position. Due to the amount of communication via other sources, mail volumes plummeted and sent the Post Office reeling.…

    • 1533 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    Federal Express (later known as FedEx) was established in 1973. Ten years later, the company reaches $1bn in revenue – the first US business to achieve this status without merger or acquisition. Services extend to Europe and the Middle East by the end of 1989. Between 1991 and 1999 FedEx launches: Express Freighter® to provide overnight delivery to Europe and Asia, FedEx Ship Manager® - first company to allow customers to process shipments online and FedEx EuroOne®, opening a new hub in Paris. In 2000, FedEx became known as “FedEx Corporation”. Services are divided into different companies that operate independently yet compete collectively. During 2008, FedEx Corp ranks ninth in the business superbrands list. In 2010, the company opened a brand new hub in Cologne airport, the largest solar powered hub worldwide. FedEx Corporation’s revenue during 2011 was in excess of $39.3bn.…

    • 1014 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    Chapter Two, “Malleable matters” went on to discuss what people really mailed and how it was molded and evolved during his era of study. Henkin spoke about the History of Transient newspapers were periodicals that were passed along by the post by someone other than the main publisher. People of that time used newspapers to relay information to recipients in very faraway places. This practice was fairly inexpensive as opposed to sending a regular letter. The postal bureaucracy didn’t agree with this practice and proceeded to shut it down. Sometime by the year 1845 Congress had actually passed an act the reduced the price of letters. This price reduction made it more attractive to send Letters as opposed to using Transient Newspapers. Henkin really didn’t cover much of the political legislation regarding such reforms. Covering such topics might have been helpful in completely understand the nuts and bolts of Joining a Network.…

    • 447 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    US Postal Office. (n.d.). In United States Postal Office. Retrieved May 05, 2012, from https://www.usps.com/…

    • 8651 Words
    • 35 Pages
    Powerful Essays
  • Better Essays

    FedEx, formally known as Federal Express, started delivering packages and freight on April 17, 1973. The company was founded by Frederick W. Smith, a Yale University graduate. Federal Express offered overnight and second-day delivery to 25 cities in the United States. The company started in Memphis, Tennessee, and it is still in that location today. FedEx didn’t actually start showing a profit until July 1975. FedEx starting going international in the 1980s after the company purchased Tiger International and carriers in Japan and Italy. In 1989 FedEx became the first U.S. express carrier to offer direct flights to China.…

    • 3199 Words
    • 13 Pages
    Better Essays
  • Satisfactory Essays

    pitney

    • 352 Words
    • 2 Pages

    postage directly onto envelopes at high speeds. By 2000, meter volume had stabilized with the advent…

    • 352 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    the Pacific, and it quickly increased. Product for the railroad we’re easily transported across the…

    • 470 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The United States Postal Service (USPS) is part of american history, the true first postal office, beginning on July 26, 1775. This was when USPS’s…

    • 681 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Amongst this information flow, Rome incorporated its first use of a postal system along the different roads allowing for faster travel news across the great empire. Rome started by adding a network of postal stations along the road along with the utilization of carts and horses to allow for a speedy deliverance of correspondence to longer distant locations spanning across the empire. For the first time in history there was an actual way to receive mail in Rome which was one of the great developments started in Rome that we still use today. Military couriers transported letters between senators, commanders, and the emperor while civilian mail service was beginning to become a big business opportunity through the empire as well (Roman Roads: UNRV,…

    • 484 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    The title of the poem “To Hell and Back, with Cake” is exactly what the young girl in goes through to get cupcakes, a desirable treat or reward. The poem has a lot to do with racism and discrimination. It is written in first person and as a narrative with many different poetic techniques such as alliteration, sibilance, oxymoron, personification etc. Holmes offers very vivid and descriptive details explaining what these cupcakes mean to this little girl. Being the reader, you can almost smell the cupcakes with the visuals the author gives. Holmes uses many different metaphors and similes leading this poem to be a very emotional and dramatic poem. The tone of the poem goes from happy and joyful to sad and angry. The little girl has her mouth watering for these vanilla and chocolate cupcakes yet the cruel and racist bakery lady diminishes her desire for black and white cupcakes, since that is all the bakery had.…

    • 594 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Franklin was “once the country’s Postmaster General” where he proceeded to create and develop systems in the handling of mail (Ringle). Many of his methods are in progress today, used by postal services throughout the country. The ability for me to send and receive letters and packages from family members in other countries is close to my heart; communication any other way is difficult, and sometimes, impossible to come across. In addition to personal mail, the postal office is also used by firms and the government to reach people across the country. Whether for billing or the mailing of official documents, the post office is an essential intermediate source for object transportation.Thank you, mailman…

    • 632 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Birth of the Republic

    • 1556 Words
    • 7 Pages

    Stamp Act – 1765 – almost anything formally written or printed would have to be on special stamped paper which would be shipped from the central stamp office in London and dispensed in America by local agents on payment of specified taxes.…

    • 1556 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    FedEx virtually invented the express mail industry. It held around 45% of the domestic express mail market and was the industry leader.…

    • 1943 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Wells Fargo Essay

    • 692 Words
    • 3 Pages

    In 1852, Wells Fargo & Co was founded by Henry Wells and William Fargo with a purpose to serve the West. The new company started the banking (buying gold and selling paper bank drafts as good as gold) and expresses (rapid delivery of the gold and anything else valuable).…

    • 692 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Ups Essay

    • 1325 Words
    • 6 Pages

    Now a billion dollar company, UPS had a very humble beginning. In 1907, a young man in Seattle, Washington named James E. Casey borrowed a $100 from a friend to create The American Messenger Company. James, along with his brother and friends, delivered packages, letters, and even food to restaurants locally. Since cars were still limited at this time, the deliveries were made by foot or bicycle. Even though the company was young, it thrived because, “Jim Casey´s strict policies of customer courtesy, reliability, round-the-clock service, and low rates” (United Parcel Service, 1994-2010). These are the very same principles that the company operated by today. In 1913 technology began to have its place in the company, when they purchased their first car, which was a Model T Ford. They also changed their name from The American Messenger Company to Merchants Parcel Delivery, resulting from a merge with a competing company. The simple name change foreshadowed what the company would be known for from then on. The new name “reflected a shift in the primary focus of the business from messages to packages” (United Parcel Service, 1994-2010). The company kept purchasing delivery vehicles and finally was able to expand out of Seattle. In 1919, the company once and for all adopted its present name, United Parcel Service, and expanded to Oakland,…

    • 1325 Words
    • 6 Pages
    Powerful Essays

Related Topics