Amex Expands Virtual Card Service to Simplify Corporate Payments

American Express is expanding its virtual card service to help businesses manage expenses and reduce fraud. The company said U.S. corporate customers can now create, manage, and use American Express Virtual Cards through its @ Work platform.

According to Eva Reda, executive vice president of global commercial services products at American Express, 'Businesses want to simplify how they pay for things while maintaining control and visibility into spending across employee expenses, supplier payments, and business travel.'

The virtual cards can be configured with spending limits, usage timeframes, and certain country and merchant restrictions. Finance teams can set rules around spending before a transaction occurs, reducing manual reconciliation.

American Express is also expanding its relationship with Conferma to let eligible Business Travel Account customers create and manage Amex Virtual Cards through Conferma's mobile app.