American Express has become the first major U.S. Corporate Card portfolio to be activated for Apple Pay. American Express added Apple Pay for Consumer Cards and OPEN Small Business Cards in late 2014.
Apple Pay allows American Express® Card Members to add their eligible Corporate Card¹ and pay with their mobile devices at contactless merchants in stores, or within participating apps that accept American Express. Security and privacy is at the core of American Express and Apple Pay.
When you add a Card to Apple Pay, the actual Card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorized with a one-time unique dynamic security code.
American Express offers a suite of B2B and T&E payment solutions that can help organizations streamline processes and identify opportunities to help drive savings and efficiency. American Express can help your organization improve working capital flexibility and your relationships with suppliers.
For data, background and forecasts on American Express: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).