London, United Kingdom (PressExposure) October 14, 2009 -- In today's economy serious steps must be taken in both the commercial and private sectors to stay competitive and to stay ahead of the crisis. American Express has done just that. Founded in 1850, the American Express company had proved that it could withstand the test of time by remaining successful for over 150 years. Now with global recognition the American Express (widely known as Amex) has not only withstood time but also the test of competition.
The credit card business is typically structured with three individual entities such as the acquiring bank (processes the credit card transaction), the issuing bank (the bank that issues the consumer's credit card), and the network (the link between banks). This, as mentioned earlier is the typical structure. Amex though has proven not to be typical, acting as all three entities, and retaining the profit from the additional fees. In more recent years Amex has begun authorizing other bank to either acquire or issue the Amex cards on their behalf.
Doing business such as this over the years is a testament on how to take a company first formed as an express mail company and transforms it in to one of the leading credit card institutions in the world. When all is considered including many different economical hardships that have occurred over time, Amex proves to be the credit card to have.
Amex cards account for approximately 24 percent of the total dollar volume of credit card transactions in the US, the highest of any card issuer. Amex offers various types of charge cards for small business to manage their expenses, and Amex is also the largest provider of corporate cards. This has heightened the popularity of the Amex card on a global scale so now many vendors want to take advantage of accepting the card.
This is the resiliency that today's e-commerce needs and what the vendors are asking for and what Gate2Shop believes they deserve. Providing additional solutions to each and every vendor is what keeps Gate2Shop a step ahead of the competition and providing excellent customer service is what it does best. With this payment option, Gate2Shop opens a continuously growing e-commerce market to vendors throughout the world with localized and globalized payment methods and options. With over a decade of experience in the e-commerce industry, Gate2Shop delivers a complete time tested solution.