The American Express B2B suite of payment solutions is now available to E&I members at preferred, competitively awarded, pre-negotiated rates exclusive to E&I members. This includes the Corporate Purchasing Card, vPayment, and Buyer Initiated Payments (BIP). E&I’s contract with American Express provides member institutions of all sizes with a variety of financial benefits and hard dollar incentives.
|Automation and Efficiency|
Payment solutions from American Express can help drive efficiency by reducing paper checks and transitioning to electronic payments.
American Express’ payment solutions can be integrated into your current accounts payable solutions and payment process.
|Closed Loop Network|
American Express’ closed loop network in the B2B space can help provide value through our direct relationships between buyers and suppliers.
A dedicated proactive American Express Supplier Enablement Team can help facilitate the supplier on-boarding process.
B2B Suite of Payment Solutions
Explore a customizable suite of payment solutions and products that can help your company improve payment processes.
|Buyer Initiated Payments |
As a push payment solution, BIP allows you to select the amount and date of the transaction, which can help reduce uncertainties about payment timing and improve payment efficiencies.
A virtual payment solution that assigns a single-use account number to each transaction. Set a specific payment amount, date range, and transaction details to help control spend and facilitate reconciliation processes.
|Corporate Purchasing Card|
Helps simplify the day-to-day processes for everyday business purchases. Detailed
Corporate Purchasing Card (CPC) monthly reports contain purchasing information to help track spending.
About American Express
Helping companies manage spend is the core business of American Express. Through their Global Commercial Payments group, American Express provides programs such as their Corporate Card, Corporate Purchasing Card, Corporate Account Reconciliation, Buyer Initiated Payments, and other expense management solutions to universities of all sizes nationwide.
BIP can improve cash flow management and streamline your institution’s payment process. Watch this video to learn how.