American Express Company or AmEx, is an American multinational financial services corporation headquartered in Three World Financial Center, Manhattan, New York City, New York, United States. Founded in 1850, it is one of the 30 components of the Dow Jones Industrial Average. The company is best known for its credit card, charge card, and traveler's cheque businesses. Amex cards account for approximately 24% of the total dollar volume of credit card transactions in the US, the highest of any card issuer.
The American Express (formerly the Desert Classic, CareerBuilder Challenge, Palm Springs Golf Classic, the Bob Hope Desert Classic, the Bob Hope Chrysler Classic, and the Humana Challenge) is a professional golf tournament in southern California on the PGA Tour. Played in mid-winter in the Coachella Valley (greater Palm Springs), it is part of the tour's early season "West Coast Swing." Known for its celebrity pro-am, it previously had five rounds of competition (90 holes) rather than the standard of four rounds.