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August 10, 2015

AMEX Activates Corporate Card Portfolio for Apple Pay




American Express announced today that it is the first major Corporate Card portfolio activated for Apple Pay, letting card members pay on the go with compatible Apple devices. The mobile payment option is available today for eligible U.S. Corporate Cards.

Apple Pay lets 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.

Good to know for those concerned about security: Apple claims that when users 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 the device. Each transaction is authorized with a one-time unique dynamic security code.

For more information on Apple Pay, visit www.amex.co/applepay.


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