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Last €71.68 EUR
Change Today -0.319 / -0.44%
Volume 3.0K
AEC1 On Other Exchanges
Symbol
Exchange
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As of 3:32 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

200 Vesey Street

New York, NY 10285

United States

Phone: 212-640-2000

Fax: 212-640-0404

rketing information and other programs and services to merchants, leveraging the capabilities provided by its closed-loop network. The company also offers support for Card acceptance, fraud prevention, and other value-added services. The company offers the American Express OnePoint program in the United States through which third-party acquirers identify new merchants and provide payment processing services to merchants on its behalf for Card transactions, while the company retains the Card acceptance agreement and agree on the discount rate. The company has a similar arrangement in Spain. In 2014, the company launched a new merchant-acquiring program, OptBlue, to expand Card acceptance by the U.S. small merchants. In 2014, the company continued to connect merchants and Card Members by launching amexoffers.com, a centralized portal that provides Card Members with merchant offers. The company offers fraud prevention services to merchants for transactions on the American Express network, and its subsidiary, Accertify, Inc. (Accertify), is a major provider of solutions that help merchants combat fraudulent online and other card-not-present transactions. Accertify provides a hosted software application that offers an extra level of security for transactions on any of the major payment networks, including American Express, Visa, MasterCard, Discover, and PayPal, or using any other alternative payment method. Accertify also offers merchants the option to outsource their fraud management process to Accertify and provides other value-added services. The company also offers merchant financing, a set of financing products that provides qualified merchants with access to a source of financing for their business needs through their relationship with the company. The financing offered is a commercial loan, which is repaid automatically through the merchant’s daily charge submissions and accompanied by low fixed fees. During 2014, the company expanded acceptance in the United Kingdom for American Express-branded contactless cards across the Transport for London transportation network. In the United States, the company launched the American Express Token Service, which could be used by its card-issuing partners, as well as processors, acquirers, and merchants who operate on the American Express network, to replace traditional card account numbers with ‘tokens’. The company also made available globally network specifications for Host Card Emulation, which provides Card issuers with additional security options and solutions for enabling payments made with certain Near Field Communications-enabled mobile devices. Regulation As the operator of a general-purpose card network, the company is subject to certain provisions of the Currency and Foreign Transactions Reporting Act and the accompanying regulations issued by the U.S. Department of the Treasury (collectively referred to as the ‘Bank Secrecy Act’), as amended by the USA PATRIOT Act of 2001 (the ‘Patriot Act’). As a service provider to regulated U.S. banks, the company’s GNS business is subject to review by certain federal banking regulators, including the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC). Competition The company’s global card network competes in the global payments industry with other card networks, including among others, Visa, MasterCard, Diners Club International (which is owned by Discover Financial Services), Discover (primarily in the United States), and JCB and China UnionPay (primarily in Asia). U.S. Card Services segment As a part of this segment’s proprietary Card-issuing business, the company’s U.S. banking subsidiaries, Centurion Bank and AEBFSB, issue a range of Card products and services to consumers and small businesses in the United States. The company’s consumer travel business, which provides travel services to Card Members and other consumers, complements its core Card business. The proprietary Card business offers a set of Card products, rewards, and services to acquire and retain high-spending, creditworth

 

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AEC1:GR €71.68 EUR -0.319

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Industry Analysis

AEC1

Industry Average

Valuation AEC1 Industry Range
Price/Earnings 13.7x
Price/Sales 2.5x
Price/Book 3.6x
Price/Cash Flow 13.3x
TEV/Sales NM Not Meaningful
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