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    +1 212 318 2000

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Last $1,237 MXN
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:09 PM 07/1/15 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

nies manage their spend. The Corporate Purchasing Card helps large corporations and mid-sized companies manage their everyday spending. It is used to pay for everyday goods and business expenses, such as office supplies, industrial supplies, and business equipment. The company issues local currency Corporate Purchasing Cards in approximately 25 countries. The company also offers Corporate Purchasing Cards issued through its GNS partner relationships in an additional five 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 could be used as the form of payment throughout the stages of a typical procure-to-pay process. BIP allows companies to pay merchants electronically, which gives them control over their payments, extends their own days payable outstanding (or ‘float’) and increases their cash on hand. BIP purchases by the company’s clients include hospital equipment, industrial supplies, and construction and building materials; airlines also use BIP for purchases of jet fuel. 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 the United States, Canada, and Australia. BIP Express, a Web-hosted version of BIP, is available in Mexico, Germany, the United Kingdom, France, the Netherlands, and Spain, in addition to also being offered in the United States, Canada, and Australia. Online Capabilities This segment offers companies and individual Card Members the ability to manage their Corporate Card Programs, and offers companies the ability to manage their B2B Payment Solutions, on a 24/7 basis through a suite of Web-based online tools. American Express@Work provides clients’ authorized users online access to global management information to help them gain visibility into their spending patterns, as well as the ability to make changes to their Corporate Card, Corporate Purchasing Card, BTA, and Corporate Meeting Card accounts. Card Members could use the online Manage Your Card Account tool to manage their individual Corporate Card account. B2B Payment Solutions also offers clients the option to use online access to manage their vPayment and BIP solutions. Strategy Core elements of the company’s strategy are designing Card products with features that appeal to its target customer base in traditional and newer customer segments; using strong incentives to drive spending on its various Card products and generate loyal customers, including its Membership Rewards program, cash-back reward features, and participation in loyalty programs, such as Delta SkyMiles sponsored by its cobrand and other partners; providing a range of other benefits and services across Card products to address travel and other needs; driving spending in online and offline channels and accommodating spending wherever and however Card Members desire; developing and nurturing wide-ranging relationships with cobrand and other partners; promoting and using incentives for Card Members to use their Cards in new and expanded merchant categories, including everyday spend and traditional cash and check categories; providing solutions to support the everyday business operations of its small business customers; and providing exceptional customer service. 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 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. Corporate & Other Corpo

 

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Industry Analysis

AXP*

Industry Average

Valuation AXP* 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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