American Express

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American Express:

1. What is American express?

1.1 Multinational financial service corporation

1.2 Deals with credit cards, change cards and traveller's cheque

1.3 22.9% credit in USA from this company

1.4 175 companies - 2,300+ companies internationally

1.5 American Express India:

1.5.1 established in 1921 (Kolkata)

1.5.2 American Express India Pvt. Ltd. : Accounting and financial business for AE int. branches

1.5.3 American Express Global Service Center: financial support to AE int. branches

1.6 CEO: Kenneth Chenault

1.7 COO: Jeffrey C Campbell

1.8 Revenue in 2015-16: $32.119

1.9 Employs 56,000+

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2. History

2.1 Established in 1850 - started as mail order business

2.2 first joint stock corporation via merger of:

2.2.1 Henry Wells (Wells and company)

2.2.2 William G Fargo (Livingston, Fargo and Company)

2.2.3 John Warren Butterfield (Wells, Butterfield and Company

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3. Philosophy:

3.1 Vision: To be a leading provider of payment solutions worldwide

3.2 Motto: Deliver high quality goods and services to leverage business expertise while maintaining high standards of ethics

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4. News

4.1 2016 - Ranked 25th most valuable brand in the world by Interbrand

42 2017 - raked 17th most admired brand by Forbes