American Express 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. Prepaid cards are not eligible.
“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 Card 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.
„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.” says the press release.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
