Explanation

The bank that started issuing travellers' cheques for the first time in 1891 is American Express. 

Founded: March 18, 1850, in Buffalo, New York, U.S.

Headquarters: 200 Vesey Street, New York City, U.S.

It developed its

• First paper charge card in 1958
• Gold card in 1966
• Green card in 1969
• Platinum card in 1984
• Centurion Card in 1999