American Express Patents – Key Insights and Stats

American Express was founded in 1850 by Henry Wells, Irene Tserkovny, John Butterfield and William Fargo. Company doing business in Financial Services industry. The Company offers wide range products of Financial Services, Business Travel, Corporate Card, Network Services, and Merchants Services. As of November 2021, American Express has a market cap of $132.92 Billion.

American Express has a total of 2057 patents globally, out of which 275 have been granted. Of these 2057 patents, more than 56% patents are active. USA is where American Express has filed the maximum number of patents, followed by Australia and Europe and it also seems reasonable as the biggest market for American Express is USA. USA seems to be the main focused R&D center and is also the origin country of American Express.

Do read about some of the most popular patents of American Express which have been covered by us in this article and also you can find American Express’s patents information, the worldwide patent filing activity and its patent filing trend over the years, and many other stats over American Express’s patent portfolio.

How many patents does American Express have?

American Express has a total of 2057 patents globally. These patents belong to 481 unique patent families. Out of 2057 patents, 1146 patents are active.

How many American Express patents are Alive/Dead?

Worldwide Patents

American Express Patent Portfolio

Patent Families

American Express Patent

How Many Patents did American Express File Every Year?

American Express Filing Trend

Are you wondering why there is a drop in patent filing for the last two years? It is because a patent application can take up to 18 months to get published. Certainly, it doesn’t suggest a decrease in the patent filing.

Year of Patents Filing or GrantAmerican Express Applications FiledAmerican Express Patents Granted
20111195
201212310
201315616
201412618
2015807
20169021
201712042
201810827
201918526
20201603
2021106

How Many Patents did American Express File in Different Countries?

American Express Worldwide Patent

Countries in which American Express Filed Patents

CountryPatents
United States Of America1343
Australia111
Europe79
Canada76
Japan47
China46
Korea (South)25
Mexico23
Singapore18
Brazil15
United Kingdom10
Germany7
Taiwan5
New Zealand5
Hong Kong (S.A.R.)4
Israel3
Argentina2
Tunisia2
Jordan2
India2
South Africa2
Dominican Republic1
Colombia1
Costa Rica1
Chile1
Austria1
Russian Federation1

Where are Research Centers of American Express Patents Located?

Research Centers of American Express

10 Best American Express Patents

US20010034720A1 is the most popular patent in the American Express portfolio. It has received 667 citations so far from companies like Visa, United Parcel Service and Mastercard.

Below is the list of 10 most cited patents of American Express:

Publication NumberCitation Count
US20010034720A1667
US20060053056A1530
US20140019352A1481
US20050171898A1451
US20120209749A1445
US20030167207A1341
US20060237528A1335
US20130166332A1299
US20040210449A1287
US20040243468A1282

Which Companies are using American Express Patents to Advance their Research?

If patents or patents from a particular technology area of a company receive a lot of citations, it implies that the technology is being followed and incrementally innovated by the citing companies. It also indicates that citing companies are working on similar and closely related technologies.

The top citing companies in the American Express patent portfolio are Mastercard, Bank Of America and Visa.

List of the top forward citing Companies –

CompanyNumber of Patents
Mastercard189
Bank Of America143
Visa88
Paypal79
IBM73
Capital One Services Llc57
Chase Bank51
Liberty Peak Ventures Llc37
Google34
Square Inc23

Count of 102 and 103 Type Rejections based on American Express Patents

Top American Express Patents used in Rejecting Most Patent Applications

Patent NumberCount of Rejected Applications
US20120209749A192
US20130024371A146
US10121129B239
US20130290234A129
US20060053056A129
US20010034720A129
US10223691B228
US20140019352A126
US20040243468A124
US20130024364A122
US20050171898A120
US20130304576A119
US20070052517A119
US20130036048A118
US20050043992A118
US10586227B218
US20140195425A117
US20130054454A116
US20080102815A116
US20120123924A115

What Percentage of American Express US Patent Applications were Granted?

American Express (Excluding its subsidiaries) has filed 2185 patent applications at USPTO so far (Excluding Design and PCT applications). Out of these 1394 have been granted leading to a grant rate of 69.98%.

Below are the key stats of American Express’s patent prosecution at the USPTO.

Which Law Firms Filed Most US Patents for American Express?

Law FirmTotal ApplicationSuccess Rate
Kowert Hood Munyon Rankin & Goetzel82474.69%
Snell & Wilmer64276.55%
Thomas Horstemeyer24368.32%
Ascenda Law Group1128.04%
Brundidge & Stanger10374.75%
Sterne Kessler Goldstein & Fox6854.55%
Reena Kuyper31100.00%
Cojk2796.30%
Schwabe Williamson & Wyatt2657.69%
Cooley Llp19100.00%

American Express has evolved into a data-driven culture and a leader in the financial services industry’s use of data and analytics. Amex is leveraging artificial intelligence (AI) to improve what it does best: ensuring secure transactions and providing outstanding customer service.

American Express is using deep-learning-based models optimised with NVIDIA TensorRT and running on NVIDIA Triton Inference Server to better identify and reduce credit card fraud. These technologies can discover and highlight irregularities in tens of millions of daily transactions in real time using recurrent neural networks (RNNs) supplemented with long short-term memory networks (LSTMs).

American Express was able to not only meet its two-millisecond latency requirement, but also achieve a 50x improvement over CPU-based solutions, thanks to its upgraded, real-time fraud detection technology. Furthermore, the GPU-accelerated LSTM deep neural network, when combined with its long-standing gradient boosting machine (GBM) model (used for regression and classification), enhanced fraud detection accuracy by up to 6% in certain areas. Amex’s newest machine learning model for fraud detection, Gen X, has been in the works for years. It’s possible that it’s the world’s largest commercial machine learning model.

American Express used AI and machine learning (ML) to automate the document evaluation for commercial credit onboarding, allowing the insurer to focus on working with the customer. Overall, Amex’s usage of machine learning has resulted in a 20% to 30% improvement in its risk models, as well as a 20% to 30% reduction in cycle time.

Amex is currently developing a new app-based, contextual, and predictive search feature. The tool, which is based on an NLP model originally developed for the company’s customer service chatbots, would “understand” various circumstances and, if all goes well, predict what customers require before they even input anything.

What are American Express’s key innovation segments?

What Technologies are Covered by American Express?

The chart below distributes patents filed by American Express in different countries on the basis of the technology protected in patents. It also represents the markets where American Express thinks it’s important to protect particular technology inventions.

R&D FocusHow American Express research focus changed over the years?

Updated on December 3, 2021

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