American Express Expands Virtual Cards for Corporate and Business Travel Spending
What's happening
American Express is expanding its virtual card capabilities for U.S. commercial customers, letting corporate users create, manage and use American Express Virtual Cards through its @ Work platform. The move is positioned to help businesses manage payments across supplier, travel and employee spending, and to give treasury teams greater control and visibility. Amex is also working with partners like Conferma to deliver digital wallet-enabled virtual payment solutions, and has extended virtual travel cards to contractors and guests.
Why it's trending
Adoption of digital payments and demand for better expense control and fraud reduction are driving wider rollouts of virtual-card solutions now.
SignalNewly emerging, confirmed across 1 independent source type.
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If your company still hands out plastic for travel and supplier bills, American Express just gave you a digital shortcut: virtual cards in @ Work let treasury and travel teams create, manage and use single-use or controlled virtual card numbers for corporate spending today.
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Original sources5
- American Express and Conferma Expand Virtual Payments with Digital Wallet-Enabled Spend SolutionCPA Practice AdvisorAug 13
- American Express Expands Virtual Cards for Commercial Payments
Digital platforms have improved consumer payments in nearly every way, but the experience has yet to fully extend into commercial applications. Virtual cards can help address some of these gaps while giving treasury teams greater control and visibility into spending. The technology has a broad range of applications, from supplier payments to travel and employee […] The post American Express
PaymentsJournalAug 13 - Amex Expands Virtual Travel Cards to Contractors and GuestsPYMNTS.comAug 13
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