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MarketScreener Homepage  >  Equities  >  Nyse  >  American Express Company    AXP

AMERICAN EXPRESS COMPANY

(AXP)
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American Express Company : Serve from American Express Unveils Send, Receive and Request Money App for Facebook

02/29/2012 | 09:42am EST

Serve from American Express today announced an application that allows friends to send, receiverequest money from directly within Facebook. The Serve app is currently the only application available on Facebook that allows friends to send, requestreceive payments in just a few clicks.

"The way people exchange money is evolving,so is Serve," said Dan Schulman, group president, Enterprise Growth, American Express. "We're constantly working to bring our customers a seamlessconsistent payment experience -- one that makes sense for our increasingly social lives, whether that's paying a friend back for movie tickets or sending someone money for your share of the vacation house -- it can now be sent on Facebook."

Exchanging money with friends takes three simple steps: Choose your friend to send money to, enter the dollar amount,click send. Facebook friends are automatically populated directly into the app's interface, so there is no need to worry about finding a friend's email address or gathering additional information. Once completed, a message is immediately posted to the recipient's Facebook wall providing directions on where to collect their money or to sign up for Serve. To request money the process is just as easy, choose a Facebook friend who owes you money, send a requestget paid back.

Unlike some other products in the market, Serve has no fees to send, receive or request money, no matter what funding method a customer chooses. For more information on Serve, visit www.serve.com.

About Serve
Serve, by American Express, is a next-generation digital paymentcommerce platform designed to deliver emerging paymentsservices to address the changing ways consumers interactexchange money -- with one another -- as well as merchants.serve.comconnect with us on facebook.com/paywithserve twitter.com/serve.

About American Express
American Express is a global services company, providing customers with access to products, insightsexperiences that enrich livesbuild business success.americanexpress.comconnect with us on facebook.com/americanexpress, .


© Publicnow 2012
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Financials (USD)
Sales 2021 39 495 M - -
Net income 2021 5 023 M - -
Net Debt 2021 - - -
P/E ratio 2021 21,7x
Yield 2021 1,27%
Capitalization 112 B 112 B -
Capi. / Sales 2021 2,83x
Capi. / Sales 2022 2,52x
Nbr of Employees 63 700
Free-Float 99,6%
Chart AMERICAN EXPRESS COMPANY
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Technical analysis trends AMERICAN EXPRESS COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 130,00 $
Last Close Price 138,71 $
Spread / Highest target 19,0%
Spread / Average Target -6,28%
Spread / Lowest Target -23,6%
EPS Revisions
Managers and Directors
NameTitle
Stephen J. Squeri Chairman & Chief Executive Officer
Jeffrey C. Campbell Chief Financial Officer & Executive VP-Finance
Marc D. Gordon Chief Information Officer & Executive VP
Charlene Barshefsky Independent Director
Peter F. Chernin Independent Director
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