Ralph Reed (American Express)
Encyclopedia
Ralph Thomas Reed was the CEO of American Express
in 1957. He was the person who made the decision to create the American Express charge card
, first issued in 1958.
American Express
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...
in 1957. He was the person who made the decision to create the American Express charge card
Charge card
A charge card is a card that provides an alternative payment to cash when making purchases in which the issuer and the cardholder enter into an agreement that the debt incurred on the charge account will be paid in full and by due date or be subject to severe late fees and restrictions on card...
, first issued in 1958.