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American Express Company ( Amex) is an American bank holding company and multinational financial services corporation that specializes in payment cards. It is headquartered at 200 Vesey Street, also known as American Express Tower, in the Battery Park City neighborhood of Lower Manhattan. Amex is the fourth-largest card network globally based ...
Visa Inc. ( / ˈviːzə, ˈviːsə /) is an American multinational payment card services corporation headquartered in San Francisco, California. [ 1][ 4] It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards. [ 5]
The Payment Card Industry Security Standards Council (PCI SSC) was formed by American Express, Discover Financial Services, JCB International, MasterCard and Visa Inc. on September 7, 2006, [1] with the goal of managing the ongoing evolution of the Payment Card Industry Data Security Standard.
The company handles 45% of all US credit and debit transactions, including handling prepaid gift card processing for many US brands such as Starbucks. [ 3 ] [ 4 ] It processes around 2,800 transactions per second and $2.2 trillion in card transactions annually, [ 5 ] with an 80% market share in gas and groceries in 2014. [ 6 ]
Accepted payment methods. Credit or debit cards. American Express. Visa (credit or debit) Discover (credit or debit) MasterCard (credit or debit) PayPal (for most online purchases) Direct debit is no longer available for active accounts, however, it can be used to pay past due balances, with a $7 fee.
On 7 September 2006, American Express, Discover Financial Services, Japan Credit Bureau, Mastercard and Visa International formed the Payment Card Industry Security Standards Council (PCI SSC) with the goal of managing the ongoing evolution of the Payment Card Industry Data Security Standard. The council itself claims to be independent of the ...
The Payment Card Industry Security Standards Council (PCI SSC) was then formed, and these companies aligned their policies to create the PCI DSS. [2] MasterCard, American Express, Visa, JCB International and Discover Financial Services established the PCI SSC in September 2006 as an administrative and governing entity which mandates the ...
An address verification service ( AVS) is a service provided by major credit card processors to enable merchants to authenticate ownership of a credit or debit card used by a customer. [ 1] AVS is done as part of the merchant's request for authorization in a non-face-to-face credit card transaction. The credit card company or issuing bank ...