While American Express has supported Apple Pay on the consumer payments side, it’s announcement yesterday (Aug. 10) showed that it was ready to extend the same offering to its corporate cardholders.
Amex added Apple Pay support for U.S. corporate cards — making it the first major corporate card portfolio to enable Apple Pay on its network.
“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 of Global Corporate Payments at American Express. “We continue to invest and expand digital offerings for our corporate customers in ways that maximize security and enhance the user experience.”
With this addition, American Express card members can use their eligible corporate card to pay using their mobile device via Apple Pay. They can use them at contactless payment terminals wherever American Express is accepted. On the consumer card side, along with small business cards, Amex added Apple Pay support 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,” American Express wrote in its news announcement.