The core of American Express’s operations is the provision of financial services to its clients. Customers can make purchases and pay for them over time with credit cards and charge cards that the business issues. Along with these services, American Express also provides access to airport lounges, travel booking, and travel insurance. The business also offers merchant services so that companies can accept payments from clients using American Express cards.
The check presenter is one of American Express’s distinctive goods. Restaurants utilize this tiny, leather-bound folder to hand customers their bill. Due to the frequent association of American Express cards with upscale restaurants, the check presenter has come to represent wealth and exclusivity.
Contrary to popular misconception, Citibank does not own American Express. Although both businesses provide credit cards and other financial services, they are distinct organizations. Unlike Citibank, which is a division of Citigroup, American Express is a stand-alone business.
In a similar vein, American Express is not owned by Wells Fargo. The two businesses, which operate in various facets of the financial services sector, are independent of one another. While American Express concentrates on credit cards and payment processing, Wells Fargo primarily provides retail banking and mortgage services.
As a financial services provider, American Express provides credit cards, charge cards, and traveler’s checks to individuals and companies all over the world. The business is renowned for both its distinctive products like the check presenter and its high-end financial services and goods. American Express is a separate business that doesn’t belong to Citibank or be owned by Wells Fargo.
Since Capital One is a publicly traded business, its shareholders can purchase and sell shares on the stock market. It is not owned by any particular person or organization.