American Express vPaymentTM

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

Control and Reconciliation in One Payment Solution

American Express vPaymentTM is a digital 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 append transaction details to help control spend and facilitate reconciliation processes.

How vPayment Can Take Your Company to New Heights of Efficiency
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How vPayment Can Take Your Company to New Heights of Efficiency

American Express vPaymentTM from American Express streamlines the payment and reconciliation process, with specific controls for each transaction

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-authorized 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

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Enhance Control While Reducing Errors

Enhance payment controls and reduce overcharges by setting pre-authorized payment amounts and transaction dates. This can help reduce the risk of misuse by assigning a specific use virtual account number to each transaction.

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Increase Efficiency

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

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Simplify Reconciliation

Access your online billing statement and data files via American Express @Work®

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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.