Profile: American Express Co (AXP.

N)
(reuters)

American Express Company, incorporated on June 10, 1965, together with its
subsidiaries, is a global services company. The Company's principal products and
services are charge and credit card products, and travel-related services offered to
consumers and businesses around the world. The Company's segments include the
U.S. Consumer Services (USCS), International Consumer and Network Services
(ICNS), Global Commercial Services (GCS) and Global Merchant Services (GMS).
The Company's range of products and services includes network services; merchant
acquisition and processing, servicing and settlement, and point-of-sale marketing
and information products and services for merchants; other fee services, including
fraud prevention services and the design and operation of customer loyalty
programs; expense management products and services, and stored value/prepaid
products.

The Company's products and services are sold to diverse customer groups,
including consumers, small businesses, mid-sized companies and large
corporations. These products and services are sold through channels, including
online applications, direct mail, in-house teams, third-party vendors and direct
response advertising. Business travel-related services are offered through its non-
consolidated joint venture, American Express Global Business Travel (the GBT JV).
The Company's cards include cards issued by American Express, as well as cards
issued by third-party banks and other institutions that are accepted by merchants on
the American Express network. The Company offers a range of charge cards and
revolving credit cards to consumers in the United States and internationally through
its USCS and ICNS segments. In addition to its cards, the Company partners with
banks and other organizations to issue American Express-branded products.
USCS

The USCS segment includes the United States Consumer Card Services business
and consumer travel services in the United States. USCS issues a range of
consumer cards and provides services to consumers in the United States.

ICNS

The ICNS segment includes the International Consumer Card Services business,
Global Network Services (GNS) business and consumer travel services outside the
United States. ICNS issues a range of consumer cards outside the United States
and enters into partnership agreements with third-party card issuers and acquirers.

GCS

The GCS segment includes the Global Corporate Payments (GCP) business, small
business services businesses in the United States and internationally (collectively
Global Small Business Services (GSBS)), commercial financing products and
foreign exchange services operations. GCS issues a range of corporate and small
business cards and provides payment and expense management services globally.

GMS

The GMS segment includes the Global Merchant Services business and global
loyalty coalition businesses. GMS operates a payments network that processes and
settles proprietary and non-proprietary card transactions. GMS acquires merchants
and provides multi-channel marketing programs and capabilities, services and data
analytics. GMS also operates loyalty coalition businesses in certain countries around
the world.
The Company competes with Visa, MasterCard, Discover, JCB and China
UnionPay, National Payments Corporation of India, PayPal, Square, Amazon and
Venmo.