A new American Express virtual card has launched to help mid-sized and large companies better manage expenses for employees do not have corporate cards.
Dubbed American Express Go, the new virtual payment card can be used for both online and over mobile device.
To enable in-person payments, the card also comes with an option to print virtual numbers on companion plastic cards.
American Express Go will allow freelancers and project-based workers to use company funds for business transactions, thereby eliminating the need for a reimbursement process.
The digital payment solution is expected to further improve control and visibility into the spending. Companies will be able to set pre-authorised spend and timeframe limits.
Clients will also be able to track and reconcile charges with information such as names, cost centres and accounting codes.
American Express Global Commercial Services vice-president of global B2B products Gint Balodis said: “Mid-sized and large companies are operating with a new, dynamic workforce, as they increasingly employ freelancers and contractors, who previously had to wait for several weeks to be reimbursed for business and travel purchases.
“American Express Go was created to alleviate customer pain points faced by companies and their changing workforce by combining the control and flexibility of virtual cards with the convenience of a physical card that can be swiped on the go.”
American Express Go can be linked to the company’s existing Corporate payments programme.