American Express Taps Gusto for Embedded Payroll Service
American Express has partnered with Gusto to introduce an embedded payroll product for small businesses. The new feature will allow customers to manage and run payroll within their American Express Business Checking accounts, using an AI-powered tool to provide insights into upcoming payments.
The product is set to launch early next year, and eligible American Express small business cardholders will earn monthly credits deposited into their Business Checking accounts after completing qualifying activities. Customers will pay a monthly fee for the service.
Gusto serves over 500,000 small businesses, and its Embedded payroll platform allows financial institutions to offer payroll under their own customer experience. This partnership marks a broader expansion of American Express Business Banking, which now combines business checking with a high-yield savings account.