American Express vPayment
Less time on paperwork. More time for growth.
The virtual payment solution that simplifies your payments process and gives you the flexibility to create virtual account numbers (VAN) as you need them.
Automated payments and easy reconciliations are just the beginning
American Express® vPayment™ uses VANs as a secure payment solution for each transaction. Program Administrators can set payment limits, usage date ranges and transaction details to help improve control and streamline reconciliation processes.
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.
Control meets flexibility with American Express vPayment
Gain control
Set spending parameters to help keep your spending within budget, and easily track, match, and allocate spend.
Reduce risk
Use multiple controls and verification features to help ensure compliance while dynamic VANs help reduce the risk of fraud.
Empower employees
Assign VANs to employees who do not have a company Card which help to eliminate cumbersome reimbursement processes.
How does American Express vPayment work?
Set parameters
Choose a customizable set of user input fields for the transaction.
Create VAN
The vPayment platform generates a single-use VAN for the transaction.
Charge Account
The supplier charges your American Express vPayment account.
Verify payment
The virtual payment processing platform verifies the transaction against set controls. If all parameters are met, the American Express vPayment platform approves the transaction and initiates payment.
Case study: A Manufacturing Company Streamlines Their Supplier Payment Process
The Challenge: When faced with the need to pay multiple suppliers on separate invoices with different details, Program Administrators struggled to find a solution to pay the invoices on time and efficiently, while receiving enough information to reconcile the payments.
The Solution: The client implemented American Express vPayment, which allowed them the flexibility to generate one-time VANs for each invoice as well as customize fields such as cost center and date ranges to help match the transactions to the invoices. Then, the Program Administrators sent the suppliers the VANs for payment for the approved amounts. Each payment was tied to a specific transaction and all fields had to match for the payment to be validated. The vPayment solution solved their supplier payment and reconciliation needs without needing to increase staff, which allowed them more time to focus on growth.
Time-saving tools meets white-glove service
Help put time on your side with comprehensive digital account-management tools and world class customer service from American Express.
American Express @Work®
American Express @Work lets your Program Administrator (PA) manage all your company Card accounts from one convenient location.
- Search accounts by Cardmember name, Card number, employee ID, cost center, payment status, and more.
- Search and sort transactions by date range, Card type, Cardmember, account number, transaction status, and more.
- Replace, transfer, suspend, un-suspend, or cancel Cards or groups of Cards.
- Monitor spending and payments at the Card, Account, or company-wide level.
- Generate Card reports and data files, customized reporting, and business travel reports.
American Express @Work Reconciliation
American Express @Work Reconciliation is a 24/7 tool that takes steps out of the reconciliation process.
- Simplify accounting: transactions from your Corporate Purchasing Card flow automatically into @Work Reconciliation, so your team can systematically apply accounting codes.
- Automate reconciliation and validation processes using preset accounting rules, so your team can view and reallocate any exceptions.
- View and modify accounting information and rules, decreasing the time needed to edit journal entries after the cycle closes.
- Automatically upload data into your ERP system, making the reconciliation process less cumbersome.
Digital Capabilities
Go paperless to keep all your account information in one secure and convenient location and easily generate reports and files.
- Generate digital statements to securely share with your team to help create spending insights and guiding principles.
- Create statements in the form of raw data files, spreadsheets, online statements, PDFs, or reports within your Online Services account.
- Drive efficiencies with single processing through a consolidated statement
Expert Consultants & Service
- American Express can help to develop a customized payments strategy for your business.
- Professional and dedicated customer assistance is just a phone call away. So whether you have billing inquires, emergency replacement Card requests or need information or access to a Card benefit or service, we’re ready and able to provide the support you need.
Start your American Express vPayment application
Call 1-877-891-0821 and speak to a rep immediately. Or, fill out the form by clicking on the button below and a representative will contact you within 2 business days.
Not an American Express Cardmember?
Sign up for an American Express Corporate Card program to open up a world of perks, tools and opportunities.
Frequently Asked Questions
American Express vPayment is a virtual payment processing system that assigns a single-use or multi-use Virtual Account Numbers (VANs) to each transaction. Program Administrators can set payment amounts, date ranges and transaction details to help improve control and streamline payment reconciliation processes while also reducing paperwork, fraud risk, and billing errors.
After setting up your vPayment account, you and your Program Administrators can issue and distribute VANs as needs arise and set controls and parameters for each transaction. The platform automatically generates a single- or multi-use VANs. 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. When the VAN is used to process a transaction, the system approves it if the transaction falls within all set parameters. The transactions will be reflected on your monthly statements.
vPayment is accepted at any merchant that accepts American Express. Additional set-up for the merchant is not required.
Find more ways to streamline business spend
Buyer Initiated Payments
Optimize your working capital and maintain control of your supplier payments.
Corporate Purchasing Card
Consolidate multiple employee expenses and process them as one easy payment.