American Express Debuts Apple Pay Support for Corporate Cards

American Express Debuts Apple Pay Support for Corporate Cards

American Express announced on Monday that the company is the first to debut Apple Support for corporate credit cards in the United States. The new feature will allow customers to use their company supplied AMEX cards to pay for goods and services at supporting merchants and in supporting apps.

American Express Debuts Apple Pay Support for Corporate Cards

American Express, via MacRumors:

“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.”

Corporate cards that will work with Apple Pay include: American Express Corporate Green Card; American Express Corporate Gold Card; American Express Corporate Platinum Card; American Express Corporate Centurion Card; American Express/Business Extra Corporate Card; and the American Express Corporate Defined Expense Program Corporate Card.

The company’s press release notes that 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.

A study published last week indicated the number of iPhone users that are willing to try out Apple Pay has declined over the past three months. The study also noted a decline in usage rates from both casual and previously committed iPhone users.

Apple recently rolled Apple Pay out to the U.K., where tap-to-pay is more prevalent, and has plans to expand the service to China and Japan, where customers also have more familiarity with touchless transactions.