American Express vPaymentTM

Streamline the payment and reconciliation process, with specific controls for transactions

Control and Reconciliation in One Payment Solution

American Express vPayment is a virtual payment solution that assigns a specific-use account number to each transaction. Users are also able to set a specific payment amount, date range, and transaction details to help control spend and facilitate reconciliation processes.

Simplify and Streamline Payments with American Express vPayment
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Simplify and Streamline Payments with American Express vPayment

American Express vPayment streamlines the reconciliation process with specific use Virtual Account Numbers

How It Works

  1. Virtual Account Number Creation

    A Virtual Account Number is assigned to each transaction and is provided to the supplier. Your company can set a specific dollar amount, usage date range, and enter key expense details that will be associated to this payment.

  2. Payment Verification

    The supplier charges the American Express vPayment Virtual Account Number and charges are verified against the pre-authorised controls set by your company.

  3. Expense Reconciliation

    Transaction data is matched to your company’s predefined expense details and consolidated into a single data file for reconciliation.

Features & Benefits

Enhance Control While Reducing Errors

Help control payments and prevent overcharges by setting pre-authorised payment amounts and transaction dates. This can help reduce the risk of misuse by assigning a single use virtual account number to each transaction.

Increase Efficiency

American Express vPayment provides a streamlined payment process that can mean less paperwork, reduced billing errors and easy invoice reconciliation.

Reduce Fraud Exposure

American Express vPayment can help reduce the risk of fraud with transaction-level controls which allow your company to set a specific date range and amount for payments.

Integrate with Your Suppliers

American Express vPayment can be processed using the same point–of-sale equipment as traditional credit cards, so for suppliers already accepting American Express Cards there is no additional technology required.

Business Trends & Insights

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Terms & Conditions: American Express vPayment is available to American Express Global Corporate Payment Clients.
American Express vPayment is subject to Terms and Conditions as set out in the American Express Corporate Account Agreement.