American Express 2015 Annual Report Download - page 165
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NOTE 25
REPORTABLE OPERATING SEGMENTS AND GEOGRAPHIC OPERATIONS
REPORTABLE OPERATING SEGMENTS
The Company is a global services company that is principally engaged in businesses comprising four reportable
operating segments: USCS, ICS, GCS and Global Network & Merchant Services (GNMS).
The Company considers a combination of factors when evaluating the composition of its reportable operating
segments, including the results reviewed by the chief operating decision maker, economic characteristics, products
and services offered, classes of customers, product distribution channels, geographic considerations (primarily United
States versus outside the United States), and regulatory environment considerations.
The following is a brief description of the primary business activities of the Company’s four reportable operating
segments:
• USCS offers a wide range of card products and services to consumers and small businesses in the United
States, provides travel services to Card Members and other consumers, and operates a coalition loyalty
business.
• ICS offers a wide range of card products and services to consumers and small businesses outside the United
States, provides travel services to Card Members and other consumers, and operates a coalition loyalty
business in various countries.
• GCS offers global corporate payment services to large and mid-sized companies. The Company’s business
travel operations, which had been included in GCS, were deconsolidated effective June 30, 2014 in connection
with the formation of the GBT JV, discussed previously. Therefore, there is a lack of comparability against
periods prior to the deconsolidation. The Company’s proportional share of the GBT JV net income or loss is
reported within Other revenues.
• GNMS operates a global payments network that processes and settles proprietary and non-proprietary card
transactions. GNMS acquires merchants; leverages the Company’s global closed-loop network to offer multi-
channel marketing programs and capabilities, services and reporting and analytical data to the Company’s
merchants around the world; and provides financing products for qualified merchants. It also enters into
partnership agreements with third-party card issuers and acquirers to license the American Express brand and
broaden the Card Member and merchant base for the Company’s network worldwide.
• Corporate functions and certain other businesses, including the Company’s EG business, as well as other
Company operations are included in Corporate & Other.
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