rganizations worldwide. GCS also offers various business travel-related services to its corporate clients through the GBT JV, including full-service online and offline travel booking and reservation services and support; travel program management services; consulting services; and meetings and events management services. Corporate Card Programs The American Express Corporate Card is a charge card that individual employees might obtain through a corporate account established by their employer for business purposes. Through the company’s corporate card program, companies could manage their travel, entertainment and everyday business expenses. The company uses its closed-loop and direct relationships with merchants to offer corporate card clients enhanced data about company spending, as well as the ability to manage and resolve disputes. The company issues local currency corporate cards in approximately 65 countries and territories, and has global U.S. dollar and euro corporate cards available in approximately 100 countries and territories. The company is focused on continuing to expand its business with mid-sized companies. Corporate Card Members can also take advantage of its Membership Rewards program to earn points that can be redeemed for air travel and hotel stays, as well as retail, home and recreation items. In select regions, the company also offers Corporate Membership Rewards that allows a company to earn points to redeem for enterprise-level rewards. Membership Rewards is a tool for encouraging corporate card usage. Business-to-Business Payment Solutions The company offers a suite of business-to-business payment solutions to help companies manage their spend and recognize other potential benefits, including cost savings, process control and efficiency, improved cash flow and increased visibility on spend. This type of spending by companies also helps diversify the company’s spend mix. The company’s corporate purchasing card helps large corporations and mid-sized companies manage their everyday spending. It is used to pay for everyday and large-ticket business expenses, such as office supplies, industrial supplies and business equipment. The company issues local currency corporate purchasing cards in 25 countries. vPayment, which offers companies single-use virtual account numbers, allows corporate clients to make payments with enhanced controls, data capture and reconciliation capabilities. Charges are authorized for a specified amount during a designated time window. The solution automates reconciliation, eliminates manual check requests and interfaces with a client’s enterprise resource planning, procurement and accounts payable systems. vPayment can be used as the form of payment throughout the stages of a typical procure-to-pay process. Buyer Initiated Payments (BIP) allows companies to pay merchants electronically, which gives them more control through their payments, extends their own days payable outstanding (or ‘float’) and increases their cash on hand. Examples of BIP purchases by the company’s clients include hospital equipment, industrial supplies, and construction and building materials. This solution is suited for mid- to large-sized companies that want to convert from paper to electronic payments and optimize cash flow. BIP is available to companies in Australia, Canada, France, Germany, Mexico, the Netherlands, Spain, the United Kingdom and the United States. Regulation In the United States, the company is subject to certain of the federal and state laws applicable to its consumer lending business, including the Equal Credit Opportunity Act, the FCRA (as amended by the FACT Act), and laws that generally prohibit engaging in unfair or deceptive acts or business practices. The company is subject to certain provisions of the Bank Secrecy Act, as amended by the Patriot Act, with regard to maintaining effective AML programs. GNMS segment This segment operates a global payments network that processes and settles proprietary and non-proprietary card transactions. GNMS acquires merchants, provides financing products for qualified merchants and leverages the company’s closed
american express co
(AEC1:German Stock Exchange)
200 Vesey Street
New York, NY 10285
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