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American Express Banking Corporation abbreviated as “AEBC” is a publicly held international banking and financial services providing company based in the United States. The company was initially initiated as an Express Mail services providing company under the title of American Express Company abbreviated as Amex in 1850 in Buffalo, New York in the United States. It was re-established as a joint stock corporation named as American Express Banking Corporation (AEBC) by the hard work of William G. Fargo, Henry Wells, and John Warren Butterfield. They merged their respective financial institutions named as Wells and Company, Livingston, Fargo and Company and Wells, Butterfield and Company to form the corporation. It offers various types of payment cards such as personal cards, credit cards, gift cards, corporate cards, traveler's cheques, small business cards and prepaid cards to provide innovative payment, Built in Support, travel and expense management solutions for individuals and businesses. The corporation has been cataloged under Article XII of the New York State and offers a wide range of commercial cards such as the Corporate Purchasing Card, the Business Travel Account, American Express Plum Card, Corporate Meeting Card, and many more to support millions of mid-sized and large companies manage their travel and day-to-day operational expenses. Ameriprise Financial, Incorporation, an American Express Financial Advisors division of the American Express Banking Corporation (AEBC) was established on September 30, 2005 to provide financial Advisory services to its numerous customers across the United States. The company has signed various high profiled personals for the promotion of their products. American Express Banking Corporation (AEBC) also launched “ExpressPay” a contact-less payment system based on wireless Radio-frequency identification (RFID) in 2005 to facilitate various famous U.S. merchant and restaurant partners.