Search results
Results from the WOW.Com Content Network
Traveller's cheques were first issued on 1 January 1772 by the London Credit Exchange Company for use in 90 European cities, [1] and in 1874, Thomas Cook was issuing "circular notes" that operated in the manner of traveller's cheques. [2] American Express developed a large-scale international traveller's cheque system in 1891, to supersede the ...
Berry, who had invented the express money order in 1882, created the American Express Traveler's Cheque, which was launched in 1891 in denominations of $10, $20, $50, and $100. [ 8 ] Personal life
Traveler's cheques established American Express as a truly international company. In 1914, at the onset of World War I , American Express in Europe was among the few companies to honor the letters of credit (issued by various banks) held by Americans in Europe, because other financial institutions refused to assist these stranded travelers.
The Oracle of Omaha explains why he decided to buy into the struggling credit business Continue reading...
Malden delivered the line "Don't leave home without them!" in a series of U.S. television commercials for American Express traveler's cheques in the 1970s and 1980s. He also advertised the American Express card, with the famous opening line, "Do you know me?" These ads were occasionally spoofed on The Tonight Show Starring Johnny Carson.
The current article says: "The largest volume issuer of traveller's cheques is American Express, the first to develop the product in the late 19th century." But the page for January 1 lists "1772 - The first traveller's cheques, which can be used in 90 European cities, go on sale in London for the first time." Only one of these statements can ...
In 1891, ABN began producing a new form of negotiable instrument for a longtime customer: the American Express "Traveler's Cheque" demand notes. In its first year, American Express sold $9,120 worth the product. In 1894, ABN completed the final contract for the private printing of U.S. Postage stamps.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!