PAYVE®

PAYVE® from American Express is a digital payment service that combines insights, people, and proprietary technology that allows companies to centralize payment processing and improve working capital and cash flow management. PAYVE centralizes your payables processes, helps you phase out costly, labor-intensive paper checks, and helps you transition to electronic payments. PAYVE includes:

Spend IQ

Valuable Insights

PAYVE's spend analytics service uses proprietary technology and predictive intelligence to deliver a strategy for payment process improvement. The actionable, long-term insights of Spend IQ include payment method analysis, invoice frequency assessment, speed-of-pay analysis and supplier segmentation.

Supplier Enablement

The Right People for the Job

PAYVE's Supplier Enablement team partners with you to make it easy for your suppliers to migrate to electronic payments. Leveraging the insights from Spend IQ, this in-house team develops and executes a strategic enrollment plan that includes creating supplier value propositions, conducting proactive outreach and communications, and providing ongoing support.

Payment Platform

The Next Evolution in Payment Technology

PAYVE's payment platform allows you to process centralize multiple payment methods onto a single, secure online portal to streamline your payment processes and improve visibility and control of your payments. Payment methods include:

  • Buyer-Initiated Payments
    BIP is an electronic payment method that allows you to leverage your American Express billing cycle to extend payment terms with your suppliers. With BIP, you can accelerate payments to suppliers while extending Days Payable Outstanding (DPO). You'll also gain greater efficiency and cost savings from replacing paper checks with electronic payments.
  • ACH
    PAYVE enables the continued elimination of paper checks by giving your suppliers an efficient electronic payment option. PAYVE's secure, online portal provides you and your suppliers greater visibility into your ACH payments while allowing you to maintain existing business processes and banking relationships.
  • International Wire
    PAYVE can help automate the often costly and inefficient process of making manual international payments. PAYVE can reduce the time it takes to pay and process international payments, and American Express consistently gives competitive foreign exchange rates in over 110 currencies.
  • Check Payments
    PAYVE enables you to outsource and automate your in-house check printing and mailing processes. With PAYVE, you can review scheduled payments, expedite or cancel checks already in production, and even launch direct mail campaigns to convert suppliers to electronic payments.

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