Automated payments and easy reconciliations
are just the beginning
SABB American Express® vPayment assigns a single-use Virtual Account Number (VAN) for each transaction. Users will be able to set a specific pre-authorization payment amount, date range, and transaction details to help control spend and facilitate reconciliation processes.
Control meets efficiency with SABB American Express® vPayment
Set spending parameters to help keep your spending within budget and make sure your money is being used the right way.
Use multiple controls and verification features to help ensure compliance while dynamic virtual account numbers help reduce the risk of fraud.
Easily track, match and allocate spend and use enhanced data to help streamline back-office reconciliation processes.
Reinforce strategic relationships by making it easier to recognize and reconcile payments they receive from your business.
How does SABB American Express® vPayment work?
Choose from up to 20 customizable fields such as cost centre, job code, requisition number, event number and project code.
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.
The supplier charges your SABB American Express® vPayment.
The virtual payment processing platform verifies the transaction. If all the parameters are met, the transaction is approved and the payment is initiated.