The HISTORY of American Express
Amex was founded in 1850. The American Express was best known for its, credit cards, traveler's cheque and charge cards. Last 2016, it is accounted for 22.9% of total dollar of credit card transaction with over 112.8 cards were issued in the US.
It began its operation as an express mail business only in Buffalo, NY. It was a partner company of express companies that are owned by Wells, Fargo and Butterfield.
April 1992 when Amex spun off its ex-subsidiary which is the First Data Corp. Today, the most dominant bank is First Data in the credit card processiong world.
To know more on what AMEX offers, visit https://www.americanexpress.com/
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