View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
  2. Company news
February 6, 2019

American Express, unveil automated accounts payable product

American Express and payment management platform have joined forces to launch an automated accounts payable (AP).

The product dubbed Vendor Pay allows companies to make payments to vendors with an American Express business or corporate card.

Furthermore, this process does not require companies to set up a new card account. CEO and founder Rene Lacerte said: “American Express Business and Corporate Card Members will now have a central platform for managing digital business payments via, with the added benefits of earning the rewards of their Card and automating their manual and time-consuming back office processes.”

The service is said to enhance working capital and cash conversion cycles as well as offer better data for payment reconciliation.

American Express said that the service offer cardholders more visibility over the AP process.

The use of single-use, virtual account numbers addresses security concerns.

For a basic plan with core functionality, the service does not charge monthly fee for the first user.

Users can also access an upgraded version with additional benefits. These include, bill approval workflows and synchronisation with accounting software for a monthly fee.

Additionally, American Express business and corporate cardholders can make payments using’s ACH and check services.

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to Electronic Payments International