American Express Travel Related Services Company Inc

City-funded organization

American Express Travel Related Services Company, Inc. is the principal operating subsidiary of American Express Company, a bank holding company headquartered at 200 Vesey Street in New York City, per American Express's own SEC filings. It provides the City's Amex credit card payment processing: the Department of Finance holds a current $24.8 million "American Express Credit Card Charge Services" contract (CT183620238800583) letting city agencies accept Amex payments, following two earlier DOF contracts for the same service worth $28.2 million (ended 2022) and $23.5 million (ended 2017), plus a $500,000 Department of Education "Electronic Value Transfer Services American Express Cards" contract that ended in 2021. All $77 million awarded to the company by the city since 2011, across its four contracts, has been classified as intergovernmental awards, meaning 100% of contract value was awarded without a fresh competitive bid.

Industry (per city contracts)
Professional Services
City contracts (active)
$24,757,715 · 1 contract
Awarded all-time
$76,912,149 · 4 since 2011, incl. expired
Paid to date
$75,828,270
Won without a fresh bid
100% of contract value · $76,912,149 · 4 contracts
Based in
New York, NY

Holds contracts at

City contracts

Registered city contracts, largest first by current contract value (not amount spent): running now, then registered to start later, then ended. Totals count every registered contract. Each line shows its Checkbook contract ID. The tag on each row is how it was awarded (“no-bid” = non-competitive).

Sources