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The company is best known for its charge card, credit card, and traveler's cheque businesses.
In 2016, credit cards using the American Express network accounted for 22.9% of the total dollar volume of credit card transactions in the US.
Kendall on the site of its former headquarters on Hudson Street.
By 1903, the company had assets of some million, second only to the National City Bank of New York among financial institutions in the city.
In 1874, American Express moved its headquarters to 65 Broadway in what was becoming the Financial District of Manhattan, a location it was to retain through two buildings. purchased a lot on Vesey Street in New York City as the site for its stables.
The company's first New York headquarters was an 1858 marble Italianate palazzo at 55–61 Hudson Street, which had a busy freight depot on the ground story with a spur line from the Hudson River Railroad.
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to compete with the United States Post Office's money orders. Despite the fact that he was president of American Express and that he carried with him traditional letters of credit, he found it difficult to obtain cash anywhere except in major cities.
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