American Express vPayment

Less time on paperwork. More time for growth.
 

Make supplier payments anywhere in the world within minutes

American Express® vPayment uses Virtual Account Numbers (VAN) as a secure payment solution for each transaction. Programme Administrators can set payment amounts, date ranges and transaction details to help improve control and streamline reconciliation processes.
 

Control meets efficiency with American Express® vPayment

Gain control
Set spending parameters to help keep your spending within budget and make sure your money is being used the right way.
Reduce risk
Use multiple controls and verification features to help ensure compliance while dynamic virtual account numbers help reduce the risk of fraud.
Improve efficiency
Easily track, match and allocate spend and use enhanced data to help streamline back-office reconciliation processes.
Strengthen relationships
Reinforce strategic relationships by making it easier to recognize and reconcile payments they receive from your business.

How does American Express® vPayment work?

1
Set
Parameters
Choose from up to 20 customizable fields such as cost centre, job code, requisition number, event number and project code.
2
Create Virtual
Account Number
The American Express online platform enables you to generate a single-use or multi-use Virtual Account Number for your transaction.
3
Process
Payment
The supplier charges your American Express® vPayment Account.
4
Verify
Payment
The virtual payment processing platform verifies the transaction. If all the parameters are met, the transaction is approved and the payment is initiated.

Start your American Express® vPayment application.

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Frequently Asked Questions

What is vPayment?

American Express® vPayment is a virtual payment product that assigns a single-use or multi-use Virtual Account Number to each transaction. Program Administrators can set payment amounts, date ranges and transaction details to help improve control and streamline reconciliation processes while also reducing paperwork, fraud risk, and billing errors.

How does American Express® vPayment work?

After setting up your American Express vPayment Account, you and your finance staff can set controls and parameters for each transaction. The platform automatically generates a single- or multi-use Virtual Account Number. Because this number is a digital token and is not tied to any of your existing Corporate Card numbers, it can help reduce the risk of fraud. The Virtual Account Number is applied to each unique transaction and the system approves it if it falls within all the parameters.

Where is American Express® vPayment accepted?

American Express® vPayment is accepted at any merchant that accepts American Express. Additional set-up for the merchant is not required. Foreign exchange fees may apply.

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