Case Study On American Express

Banks like Citibank (C) or any other banks in an exchange-traded fund (or ETF) like the Financial Select Sector SPDR (XLF) don’t get such a high rating. XLF includes all the important

Bank of America is an amazing bank. In 2002, my family decided to move to Virginia Beach. Since I was 10yrs old, I have banked with Bank of America ever since. The personnel at Bank of America are amazing! Every time I walk in, they greet me by my name and knows my family. In particularly, Bank of America helps me watch my credit cards and bank accounts. A couple of weeks ago, someone tried to use one of my credit cards. I had not realized anything until I received a new card with a different account number. So, I decided to call the company and they explained everything. Overall, I felt safe and secured that my credit card has protection, including my personal information and my accounts. In conclusion, its amazing how Bank of America has

Bringing consumer and commezrcial banking branches and capabilities to more places in the United States

Bank of America 's company philosophy is “we believe, very simply, that it is the actions of individuals working together that build strong communities ... and that business has an obligation to support those actions in the communities it serves” (Lewis). As stated on their company website overview, Bank of America is committed to creating meaningful change in the communities they serve through their philanthropic efforts, associate volunteerism, community development, and investing, support of the arts, and environmental initiatives (Bank of America, n.d.). Their neighborhood revitalization and stabilization programs were designed to aid, restore, and invigorate communities suffering from the growing number of foreclosed and vacant properties. They are further committed to cost-efficient and environmentally sustainable practices that benefit the global community. An example of this is the Bank of America Tower in New York City, one of the world 's most environmentally-friendly skyscrapers. Bank of America expects and actively encourages its employees to act ethically, honor Bank of America’s code of ethics, care about one another, and value their communities.

American Express was named the InfoWorld/Forrester Enterprise Architecture Award for its EA practices and its framework which was used to allign its business and IT processes which was the change agent to streamline the processeses of its business which was possinle with the help of IT. (Saunders & Pearlson, 2013).

The greatest competition for American Express in the charge card and credit card arena is offered by Visa and Mastercard. In the Wall Street Journal in the September 22, 2005 issue, Robin Sidel points out that a lot of shoppers are simply using their visa debit cards instead of credit cards. Although a Visa check card is not a line of credit, the Visa feature can be used for purchases that traditionally were only available by using a credit card account. Why is this wise? Credit cards have developed a bad rap over the past few years. Young people are listening to those around them talk about how they are swamped with credit card debt. Some are hesitant to even apply for cards. And if they do apply, they will often do it through their retail

The Travel Related Services Division of the Credit Card Company, American Express, found themselves in the midst of a two front conflict. On one side, the company faced the emergence of bank credit cards sponsored by their competitors, Visa and MasterCard. Their competitors’ new alliances with companies across the country, and other financial services companies introduces products comparable to American Express’ Traveler’s Checks, a popular medium of international currency, during its time. Inversely, the company was infested with a jaded culture and products both inept and underutilized. All seemed bleak for the one of top credit card services in the world.

The American Express Company, also known as Amex, is a financial multinational corporation headquartered in New York City, United States. The company holds the largest integrated payments platform in the world. The 166-year-old company offers premium credit payment card products, and travel services to consumers and businesses all around the globe. Amex is the world’s largest card issuer by purchase volume accounting for approximately 24% of the dollar volume in the United States alone (Wikipedia). It is among the 30 participating members of the Dow Jones Industrial average. The company is ranked as 22nd most valuable brand in the world (BusinessWeek, 14). Segments under the company include: U.S Card Services, International Card Services, Global Communication Services and Global Network-Merchant services.

Citigroup - Citigroup was formed in 1998, a culmination of ten separate businesses into a 146 billion dollar organization. In 1812, New York State charters City Bank of New York, by 1894; City Bank had changed its name to National City Bank of New York and become the largest bank in the United States. In 1919 City Bank becomes the first U.S. bank to accumulate 1 billion dollars in assets. In 1974 National City changes its name to Citicorp to better suit its global businesses. By 1996 Citicorp was the again the largest banking institution in the United States and was the largest issuer and servicer of credit cards in the world. In 1998 Citicorp and Travelers Group merged their talents to become Citigroup which in 2006 had over 89 billion dollars in revenues.

In 1926, a young aviator named Charles A. Lindbergh took a single bag of mail from Chicago to St. Louis. Later that same day, Charles and two other pilots came back from St. Louis to Chicago with three plane loads of mail. This was the start of their contract to do airmail. In 1929, the consolidation of a bunch of smaller airmail pilots started and by 1930 they were known as American Airways, Inc. In 1934, American Airways Inc. became American Airlines, Inc. In 2013, the merger between U.S Airways and American Airlines Inc. became American Airlines Group.

American Express has invested more than 160 years in building one of the most admired brands in the world. Customer confidence, security and convenience are the core values of the company since its inception as an express mail service in the 1850s. This commitment to customer service has generated innovations ranging from Travelers Checks to famous credit cards with the words “Member since”.

American Express is a global service company, providing customers with access to products, insights and experiences that enrich lives and build business success. A leader in global payments, American Express is the largest card issuer by purchase volume and operates a worldwide network that processes millions of merchant transactions daily. It offers the broadest array of payment, expense management and travel solutions for consumers, small businesses, midsize companies and large corporations.

The word Amway is a short word for American Way. Amway an American Company that uses Network Marketing to sell variety of products like Beauty products, home care products, Health care products, Nutrilite dietary supplements, water purifiers etc. Amway was founded in 1959 by Richard DeVos and Jay Van Andel. Amway was ranked 26 among the largest private companies in the United States by Forbes in 2012.

If you want a longer 0% APR period for your balance transfer, then you may like to consider the BankAmericard credit card. Their service is not as good as many of the others on this article, but their 18-month balance transfer period is very attractive.

Since 1799, J.P. Morgan Chase has been a leader in finance. It is one of the world’s oldest, greatest and known financial institutions. Built with hard work over 200 years, the company has been there for their clients and communities in good and bad times. As a global financial services firm with operations in more than 60 countries and more than 260,000 employees, JP Morgan Chase & Co. combines two of the world’s premier financial brands: J.P. Morgan and Chase. It was founded in New York in 1871 by 34-year old J. Pierpont Morgan and banker Anthony J. Drexel. The firm is a leader across an array of financial services, including investment banking, commercial banking, credit cards, and financial transaction processing and asset management. J.P. Morgan & Co. serves millions of consumers in the United States and millions of clients from consumers, to small businesses, up to government clients. (De Villa, 2014) (The History of JPMorgan Chase, 2014)