AmEx Will Launch PayEm-Integrated Virtual Expense Cards

Global procurement and spend management company PayEm has integrated with American Express to give users a new option for managing payments and expenses. The integration allows American Express corporate and business card members to create and distribute on-demand virtual cards to employees, freelancers, candidates, or other users for business payments and expenses in PayEm’s platform using their existing AmEx account.

This new option offers a number of benefits, including:

• Automated reimbursement filing: Users can automate reimbursement filing for employees by giving them on-demand virtual cards for one-time or recurring expenses.
• Enhanced security: Virtual cards offer enhanced security features, such as spending limits and expiration dates.
• Cash flow management: Users can take advantage of their AmEx billing cycle to manage cash flow for their business until their payment is due.
• Rewards: Users can earn rewards on their AmEx virtual cards.

Itamar Jobani, CEO of PayEm, said:

“We are teaming up with American Express to give our customers access to the control, enhanced security, and cash flow management that come with using an American Express virtual Card, alongside the visibility and control customers gain from PayEm’s Spend Management and Procurement Platform.”

This integration is a significant development for PayEm and American Express, and it offers businesses a new way to manage their payments and expenses. The integration is expected to be a valuable tool for businesses of all sizes, and it is likely to help them to save time, money, and improve their cash flow management.