American Express (NYSE:AXP) today announced that it is the first major Corporate Card portfolio activated for Apple Pay, allowing Card Members to pay on the go with compatible Apple devices.
The mobile payment option is available today for eligible U.S. Corporate Cards(1).
“Businesses today are going digital, and American Express is at the forefront of digital innovation, helping companies to streamline their payments systems and simplify their processes,” said Greg Keeley, Executive Vice President, Global Corporate Payments, American Express. “We continue to invest and expand digital offerings for our corporate customers in ways that maximize security and enhance the user experience.”
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. American Express added Apple Pay for Consumer Cards and OPEN Small Business Cards in late 2014.
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.
1) An "eligible American Express Corporate Card" means the following American Express Corporate Cards issued by American Express Travel Related Services Company, Inc. to you as an employee of a commercial card customer working in the United States: American Express ® Corporate Green Card; American Express ® Corporate Gold Card; American Express ® Corporate Platinum Card; American Express ® Corporate Centurion Card; American Express ®/ Business Extra ® Corporate Card; and American Express ® Corporate Defined Expense Program Corporate Card. Prepaid Cards and other products are not eligible.