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.
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.
American Express vPaymentTM from American Express streamlines the payment and reconciliation process, with specific controls for each transaction.
Set spending parameters to help keep your spending within budget, and easily track, match, and allocate spend.
Use multiple controls and verification features to help ensure compliance while dynamic VANs help reduce the risk of fraud.
Assign VANs to employees who do not have a company Card which help to eliminate cumbersome reimbursement processes.
Choose a customizable set of user input fields for the transaction.
The vPayment platform generates a single-use VAN for the transaction.
The supplier charges your American Express vPayment account.
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.
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.
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.
American Express @Work Reconciliation
American Express @Work Reconciliation is a 24/7 tool that takes steps out of the reconciliation process.
Go paperless to keep all your account information in one secure and convenient location and easily generate reports and files.
Expert Consultants & Service
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.
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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.
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.