About American Express Company (AXP)

Company Description:

American Express Company, commonly known as Amex, is a global leader in providing financial services, primarily focusing on credit card issuance and related services. The company operates through several segments, including Global Consumer Services Group, Global Commercial Services, Global Merchant and Network Services, and Corporate & Other.

Founded in 1850 by Henry Wells, William Fargo, and John Warren Butterfield, American Express has grown to become a symbol of financial prestige and reliability. Its headquarters are located in New York City, New York, United States.

Main Product(s):

American Express is renowned for its wide range of financial products and services, including but not limited to charge and credit card products, network services, merchant acquisition and processing, and travel-related services.

Short History of American Express Company:

• 1850 – Founded by Henry Wells, William Fargo, and John Warren Butterfield.
• 1882 – Introduced money orders.
• 1958 – Launched its first charge card.
• 1966 – Introduced the Gold Card.
• 1987 – Became a component of the Dow Jones Industrial Average.
• 1999 – Launched the Blue Card, the industry's first credit card with a chip.
• 2012 – Entered the digital payments space with Serve, a digital prepaid platform.
• 2020 – Expanded digital banking and fintech collaborations.