Streamline the payment and reconciliation process, with specific
controls for transactions
vPayment is a virtual payment solution that assigns a single-use account number to each transaction. Users are also able to set a specific pre-authorization
payment amount, date range, and transaction details to help control spend and facilitate reconciliation processes.
vPayment from American Express streamlines the payment and reconciliation process, with specific controls for booking transactions
A virtual account number is assigned to each transaction and 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.
The supplier charges the vPayment virtual account number and charges are verified against the pre-authorized controls set by your company.
Transaction data is matched to your company’s predefined expense details and consolidated into a single data file for reconciliation.
vPayment provides a streamlined payment process that can mean less paperwork, reduced billing errors and easy invoice reconciliation.
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.
See how GTA was able to increase business across the globe while effectively managing the cost of processing payments.