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American Express launches virtual payments product

Published 11/15/2018, 09:25 AM
© Reuters.  American Express launches virtual payments product
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  • American Express (NYSE:AXP) launches American Express Go, a digital product for mid-sized and large companies to handle business expenses for temporary workers, recruits, and employees without corporate cards.
  • The product features a virtual card that can be used online or over the phone and has the option for virtual numbers to be printed on companion plastic cards for in-person payments.
  • The new offering uses American Express vPayment, a virtual payments solution that enables business clients to create specific-use virtual account numbers with per-authorized spend controls and enhanced data capture.
  • AXP -0.3% in premarket trading.
  • Previously: Square (NYSE:SQ) improves payroll app (Nov. 14)
  • Now read: American Express: Great Quarter, Stock Looks For Traction


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